Last week we heard a rumour regarding the future of EFE.
Yesterday we received the following email:-
“EFE was declared insolvent on Thursday 6th Oct and has gone into administration.
Frank Joyce no longer owns the brand and the administrator with his help is now running the company which has been put up for sale. Many of the staff have left the company.
Very sad news but not entirely surprising – EFE seemed to have run out of steam choosing to rely on re-issuing existing models at increasing prices. It could never be sustained – new models needed to be brought forward.
The only glimmer of good news from this is that Bachmann have taken delivery of their commissioned model of the Leyland Titan prototype and is awaiting despatch from their warehouse in the next few weeks.”
Scouring online we have found websites mentioning a “reliable source” backing up this information…
This is indeed sad news in the diecast model industry with EFE having come into existence shortly after we first opened our doors. Hopefully a potential buyer will be found soon…
Thanks to AT and AW for the information