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.
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“Classes struggle, some classes triumph, others are eliminated. Such is history; such is the history of civilization for thousands of years.”
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