Plastic-model giant Revell-Monogram and its German sister company; Revell AG, have been sold for the second time in 14 months. Alpha International sold the two companies Nov. 15 to Chicago-based R-M Investment Group LLC, which is a holding company for three entities -Morton Grove, Illinois-based Revell-Monogram; Bunde, Germany-based Revell AG; and Revell-Monogram Asia-Pacific Ltd., based in Hong Kong. The latter is a newly created firm that will distribute and market Revell products in Asia. John H. Long, chairman and CEO of R-M Investment Group, says the firm is made up of several private investors, including himself and Jim Foster, who is now the president and COO of Revell-Monogram and Revell AG. "There are no institutions involved. ... These are all private stockholders," he says.
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