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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“We know only a single science, the science of history. One can look at history from two sides and divide it into the history of nature and the history of men. However, the two sides are not to be divided off; as long as men exist the history of nature and the history of men are mutually conditioned.”
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“We have need of history in its entirety, not to fall back into it, but to see if we can escape from it.”
—José Ortega Y Gasset (1883–1955)