Lionel Corporation sold the tooling for its then-current product line and licensed the Lionel name to General Mills in 1969. That ended the so-called "Postwar" era of Lionel, which began in 1946. General Mills then operated Lionel as a division of its subsidiary Model Products Corporation, or MPC, beginning in 1970. The MPC/General Mills era ran from 1970 to 1986. In 1986 the company was sold to a wealthy Detroit area real estate developer and model train enthusiast, Richard Kughn, who operated Lionel as Lionel Trains, Inc. (the LTI era) from 1986 to 1995. It was during this period that Lionel developed TMCC and RailSounds.
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