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Lionel, LLC is an American designer and importer of toy trains and model railroads that is headquartered in Concord, North Carolina.Its roots lie in the 1969 purchase of the Lionel product line from the Lionel Corporation by cereal conglomerate General Mills and subsequent purchase in 1986 by businessman Richard P. Kughn forming Lionel Trains, Inc. in 1986.
In 2009, the two joined forces, allowing MTH Trains to produce the Lionel tinplate electric trains with the official graphics. The interior electronics are from MTH Electric Trains, but the exterior bears the Lionel Corporation graphics. [2] In June 2020, it was announced that the CEO, Mike Wolf, will be retiring.
The Lionel Corporation would continue as a holding company. It invested in various chains of retail stores and electronics companies while receiving royalties on toy train sales made by General Mills (later Lionel Trains, Inc.). In 1991, it sold its trademarks to Lionel Trains, Inc. for $10 million and eventually went out of business in 1993.
The Train Collectors Association (TCA) is an international non-profit organization of people who operate and collect toy trains, toy train accessories, toy train books, toy train paper, and anything else rail transport related. TCA was founded in October 1954 in Yardley, Pennsylvania and is currently headquartered in Strasburg, Pennsylvania.
Sanda Kan later expanded into all aspects of manufacturing model trains and accessories for Life-Like, as well as other companies including Atlas Model Railroad, Lionel, and Marklin. [6] Sanda Kan was acquired by Kader in 2008. Known for its line of train sets, Life-Like was known primarily as a "down-market" supplier.
A company called Marx Trains, Inc. produced lithographed tin trains, both of original design and based on former Louis Marx patterns. Plastic O scale train cars and scenery using former Marx molds were previously produced by MDK and are now marketed under the "K-Line by Lionel" brand name. Model Power produces HO scale trains from old Marx ...