page_title: Remco
section_title: Bankruptcy
hierarchical_section_title: Remco / Bankruptcy
caption_attribution_description: Vintage Caravelle Transmitter-Receiver By Remco, Style 120, Made In USA, Circa 1962
context_page_description: Remco Industries, Inc. was a toy company in the United States founded in the 1940s. It was best known for toys marketed and sold in the late 1950s and early 1960s, like the 'Johnny Reb Cannon', 'Mighty Matilda Atomic Aircraft Carrier', 'Remco Voice Control Kennedy Airport' and the tethered 'Electronic Falcon Plane' that "flies itself". The company's slogan was "Every Boy Wants a Remco Toy...And So Do Girls!"
context_section_description: Remco filed for bankruptcy in 1971 and was acquired by Azrak-Hamway International, Inc. (AHI), a toy company, in New York City in 1974.
  The company was known by toy collectors for their many Universal Monsters figures produced during the 1980s. These figures were a continuation of the license and figures first produced by AHI during the 1970s. Steel Tec was distributed by Remco Toys, Inc. of New York, New York, from 1992-1997 and was a division of parent company Azrak Hamway International. In 1997, Jakks Pacific acquired Remco from Azrak-Hamway.
caption: Caravell electronic transmitter / receiver, c. 1962.
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