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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.
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.
William R. Haberlin is the man who made all of the tools and dies for the original Ives O-gauge ("O" gauge) clockwork train line in 1901. Aside from the patterns for the iron locomotives bodies (made by Charles A. Hotchkiss, mentioned in Model Craftsman - March 1944) and the clockwork mechanisms themselves (manufactured by The Reeves Manufacturing Company in New Haven, Connecticut, later in ...
Gold made an agreement with Lionel and completed a design for an all-paper product train in March 1943. It was sold for a retail price of $1 for the 1943 Christmas season, but disappeared soon afterwards due to poor customer response. Lionel began manufacturing its conventional products again beginning in late 1945.
In May 1967, Lionel Corporation announced it had purchased the American Flyer name and tooling even though it was teetering on the brink of financial failure itself. A May 29, 1967, story in The Wall Street Journal made light of the deal, stating, "Two of the best-known railroads in the nation are merging and the Interstate Commerce Commission couldn't care less".
Lionel has since licensed TMCC to some of its competitors, including K-Line, and aftermarket circuit boards are available to add TMCC to O scale and S scale trains that lack the capability. Neil Young's involvement in Liontech was the direct reason for his becoming aware of Kughn's putting Lionel Trains, Inc. up for sale in early 1995.
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- 3579 S High St, Columbus, OH · Directions · (614) 409-0683
