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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.
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.
Also in 2007 Lionel started to sell American Flyer track, the popular 19" radius curve remaining unavailable to this day. In 2008, Lionel released an American Flyer Big Boy with TMCC and Railsounds. The license to manufacture the track had been held by Maury Klein, whose K-Line brand of 0 gauge trains competed against Lionel in the toy train ...
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.
Kader's business model for each take over, from its original purchase of Bachmann to the present day, is to buy a perceived quality brand in the target market or country. The company then closes local in-country production facilities, and then improves quality by re-engineering the models in Hong Kong, and reduces cost by producing the models ...
That old model train may not have seen the underside of a Christmas tree in years, but it was made by Lionel, producer of model trains for more than a century, so it's tempting to think it's valuable.
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.
Every day, several speeding Amtrak trains slow down from a rip-roaring 110 miles per hour to a 30-mile-per-hour crawl as they navigate a tight turn through a 151-year-old tunnel.