LRP to close at end of March

0 Jan. 22, 2018, 9:01 a.m.

By Aaron Waldron
LiveRC.com

As reported by Red RC, LRP founder Jürgen Lautenbach announced the famed German brand will close on March 31, 2018. LRP filed for insolvency with the German court in May of last year (you can read about that here) but has failed to find an appropriate investor, and so the company will cease distributing Team Associated and Reedy products. Lautenbach’s statement concluded with his wish for a fresh start for LRP but did not suggest a timeframe.

Here is his statement:

I regret to inform you that our promising investor process finally did not have a positive outcome, which results in the closure of LRP electronic GmbH on March 31st, 2018. Until then, business operations will continue normally with the existing workforce.

Insolvency proceedings of LRP electronic GmbH

Dear Sir or Madam,

LRP electronic GmbH and Associated Electrics, Inc. would like to announce a change in distribution for the Team Associated and Reedy brands.

The bidirectional collaboration between LRP electronic GmbH and Associated Electrics, Inc. stands out as one of the most successful partnerships in the R/C industry’s history. After cooperating to win countless World Championship titles, the successfully shared sales and marketing efforts will come to an end.

Starting February 1st, 2018, LRP electronic GmbH will not be the exclusive distributor for Team Associated and Reedy anymore.

LRP electronic GmbH will now sell off its stock of Team Associated and Reedy products. All warranty and service for Team Associated and Reedy products will be handled by the new Team Associated and Reedy distributors starting February 1st, 2018.

I would like to take this opportunity to thank you for the great support we have received from you in the recent months.

I, as the founder of LRP electronic GmbH, intend a new start for the LRP brand in new structures.