Al Lowe

After more than 50 years in business, hobby product manufacturer Model Power has closed. The third-generation, family-owned company stopped taking new retail customers April 21, said Chief Financial Officer Jonathan Tager. An announcement was posted on its website on April 22.

The company is exploring licensing options for its product lines and the possibility of selling off any of its tooling that might be readily available, Tager said.“We thank everybody for all of their support over the years, and we apologize for any inconveniences,” Tager said.