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Old 03-18-2018, 03:29 AM
Geezer Geezer is offline
S.A.M. #0366
 
Join Date: Dec 2011
Posts: 1
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Hope for the best and prepare for the worst.
I recently retired from a large company worth 6.4 billion. They acquired 2 or 3 companies per year for the last 17 years. All of these acquisitions pushed the spin that the change was good for them and they would become an even stronger entity. Many were stripped of some product lines our company desired and they dumped the rest before closing down their new acquisition in a one to five years. Remember when Estes did this to Cox? Their employees were assured of a solid future only to find that Estes just wanted the RTF r/c planes line and closed down the model engine plant and the plastic division that made glow engined control line planes.
Also I 'm sure you may recall the stories of how disheartening it was for the original Estes crew to make presentations to their new Damon executives who seemed somewhat clueless and indifferent to the items in the presentations. The new owners may very well be the same unless they have a solid background in the model rocketry industry.
No one can say with any degree of certanty whatsoever what will or will become of Estes. Only well after March 26th will anyone have an idea of what will happen.
Unless one of us has Half a billion hidden in their mattress all we can do is hope for the best and prepare for the worst.
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