Were they bought by Scale Trains of Tennessee?
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Scale Trains bought some of the HO tooling and the entire S Scale line.
Here's the press release:
The S scale was sold to one company, HO to another, some O-gauge tooling was sold to Lionel. They split the company up three ways, into different divisions and are continuing to produce limited amounts of product at the present(very limited).
I believe select O Gauge MTH Premier loco tooling was sold to Atlas, and Trainworld will be doing a YouTube show Wed. 12/1/21 at 7pm.
ScaleTrains.com got the HO scale and S scale lines.
This is the kind of question we're going to be seeing for years with the chaotic way MTH was split up. I'm glad the products are still around, but what a nightmare for even the most active hobbyists to keep track of.