I can confirm that SIG was sold on Friday, February 18th. There are 3 new owners - a partnership. The great news is that the new owners are all lifelong modelers.
Majority owner Herb Rizzo, active R/C flier from Chicago area.
Partner Ron Petteric, lifelong modeler with C/L and R/C background.
Partner David Martin, lifetime model industry professional who's background includes Hobby Lobby and Kavan.
This is all good news. There are no plans to quit selling fuel, paint, glue, balsa wood, or kits. Thank you to all the loyal SIG customers who stuck with us during our recent supply problems. Bear with us a little longer as we get back into full production. We'll be coming back strong.
Mike Gretz
SIG Mfg. Co.