A group of upper managers of European model railroad brands Roco and Fleischmann is seeking to acquire the brands from current owner Model Railway Holding AG. The management group consists of chief executive officer Leopold Heher, chief financial officer Roland Edenhofer, and chief operating officer Johannes Steinparzer.
The combined firm operates under the name of Model Railway Holding. Model Railway Holding took over Roco in 2005 and Fleischmann in 2008 as restructuring projects. After cutting several hundred employees from its workforce, the holding company operated in the black in 2010. It currently employs approximately 740 at facilities in Germany, Austria, Romania and Slovakia.
The sale of the companies, headquartered near Salzburg, Austria, is expected to be completed June 30.