Elkridge, Maryland, July 15, 2021 --- M.T.H. Electric Trains has announced that it sold a selection of its O Gauge molds to Lionel L.L.C. earlier this year as part of its continued divestiture of tooling assets in light of M.T.H. owner Mike Wolf's retirement this year.
Lionel will begin revealing the first of the specific models it has purchased in their 2021 Signature 2 Catalog slated for release on July16th. Overall, the models include a range of products produced by M.T.H. throughout its many years in the industry.
Since the Spring 2020 announcement that M.T.H. President Mike Wolf would be retiring, Lionel has joined model railroading companies Scale Trains and Atlas to purchase some of the vast tooling assets M.T.H. developed over the past 41 years. According to Wolf, "after years of competing head to head, it was delightful to sit down and negotiate the sale of these tools with Lionel's Howard Hitchcock. The Lionel team did a great job selecting models that will fit in nicely within their lineup.”
The specific list of all the models Lionel purchased isn't being revealed in the upcoming Lionel catalog release and the purchase did not include any inventory or parts. The combined sale of the Atlas, Scale Trains and now Lionel purchases still leaves approximately 80% of the M.T.H. tooling portfolio in the hands of M.T.H. Many of those remaining products will continue to be marketed by M.T.H. via their e-newsletter promotions and as custom run releases via the M.T.H. Authorized Retail network.