Hornby has bought the intellectual property, brand and trade of Corgi Model Club from Blue 14, an investment vehicle majority-owned by entrepreneur Jim Lewcock.
The deal will value Corgi Model Club, which sells re-issued models of toy car and was set up as a third-party partnership with Hornby in 2021, at up to £600,000.
Model train maker Hornby told investors on Thursday it paid £400,000 for existing stock from CMC, which it will sell directly to Hornby customers in the future, pending an additional consideration of around £200,000.
Guy Stainthorpe, managing director of CMC, added: ‘Galvanising our long term partnership with Hornby in this way is a hugely positive development for CMC and provides us with a fantastic opportunity to further develop a successful and growing business. We look forward to joining Hornby.