Closing Weaver Models was a very difficult decision. I approached Lionel a few years ago to see if there was any interest. Jerry Calabrese was very interested but informed me that his people didn't think it was in their best interest at the time.
The last few years it became more difficult to produce a new model due to the cost versus the sales. Tooling is very costly to produce these models. Same issue with the brass locomotives, the builder wanted bigger numbers and we wanted smaller. The builder wouldn't build any less than 250 pcs. the last 4 or 5 we produced it was difficult to sell 125. Kind of a no brainer very difficult to digest brass.
We did very well with our rolling stock and our Scalecoat business was on the increase. I was 68 years old when I decided to do this and felt it was time. Since 1970 I've had one week vacation a year not complaining, just wanted more time for myself.
My main objective was to sell the business as a whole unfortunately it didn't work out. Had no intension to screw up the O gauge industry. Fortunately over time many of our great products will return to the market since Lionel and Atlas acquired all of the tooling. The truck and coupler tooling is still available if anyone has any interest.
Business decisions are never easy and this was one of them. Great industry, great hobby and great people. Thanks to my customers and great friends I've made over the years.
Joe Hayter