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Reply to "Mike Wolf to retire and close MTH"

That's what Ye Olde Lionel Corporation did way back yonder with Ives. 

Also it was the same reasoning as to why Lionel bought American Flyer in 1967.

Rusty

Well, not quite.

Ives went bankrupt very much on their own and, as a consequence, an opportunity for a three way purchase presented itself. Three portions of Ives were purchased out of bankruptcy, respectively, by Lionel, AFMCo. (Coleman), and A. C. Gilbert. A. C. quietly backed Cowen's loan for Lionel's part of the purchase.

Respectfully,

Bob

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