Estes Industries - History

History

Estes Industries was founded by Vernon Estes in 1958, after he created "Mabel". "Mabel" was a machine designed to inexpensively manufacture model rocket engines for Model Missiles Incorporated. At some point, Vernon Estes sold Estes Industries. Then, on August 30, 2002, Barry Tunick, who had been the Chief Executive Officer since 1991, acquired Estes-Cox Corporation from the private equity fund, TCW Capital, for the sum of $15 million. On January 15, 2010, Estes-Cox was acquired by Hobbico, Inc.

Read more about this topic:  Estes Industries

Famous quotes containing the word history:

    the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.
    Charlie Dunbar Broad (1887–1971)

    If usually the “present age” is no very long time, still, at our pleasure, or in the service of some such unity of meaning as the history of civilization, or the study of geology, may suggest, we may conceive the present as extending over many centuries, or over a hundred thousand years.
    Josiah Royce (1855–1916)

    ... that there is no other way,
    That the history of creation proceeds according to
    Stringent laws, and that things
    Do get done in this way, but never the things
    We set out to accomplish and wanted so desperately
    To see come into being.
    John Ashbery (b. 1927)