Typically these firms sell out and collect a lot of money in the sale. I am
wondering what MTH's financial health reallyis.
Jack
________________________________
From: rc3r-bounce@xxxxxxxxxxxxx <rc3r-bounce@xxxxxxxxxxxxx> on behalf of Robert
White <drwhirob2@xxxxxxxxxxx>
Sent: Monday, June 8, 2020 8:09 PM
To: rc3r@xxxxxxxxxxxxx <rc3r@xxxxxxxxxxxxx>
Subject: [rc3r] Re: MTH news
How sad to hear that news. I hope some of his employees will run with it
Sent from my iPhone
On Jun 8, 2020, at 8:00 PM, Peter Condro <pcondro@xxxxxxxxx> wrote:
Posted this afternoon from Mike Wolf:
June 8, 2020 - First, on behalf of M.T.H. Electric Trains, I want to thank you
for the support and encouragement you have shown my company over our 40-year
journey. From humble beginnings and a lot of hard work, we were able to build
one of the world's largest model train manufacturers - one unquestionably
buoyed by your unwavering support.
In particular, I am proud that M.T.H. has released more models than any train
manufacturer in the history of our hobby. The variety, quality, and infusion of
technology throughout our offerings allowed M.T.H. Electric Trains to help
bring enjoyment to all who share our wonderful hobby.
It is, therefore, with mixed emotions that I tell you I have decided to retire
in 2021 and close the business. The last two M.T.H. catalogs, our 2020 Volume 2
O Gauge catalog, and our 2020 HO catalog and all non-delivered items from our
2020 Volume 1 O Gauge catalog, 2020 Ready-to-Run Train Set catalog, 2019-2020 S
Gauge catalog, and 2019-2020 G Gauge catalog will feature the last products
produced by M.T.H. Electric Trains.
The new items featured in all these catalogs will be available beginning Summer
2020 through April 2021 and will carry our limited one-year warranty supported
by our Authorized Service Center network and the M.T.H. Service Department.
Upon our closing in May 2021, our ASC network will provide warranty coverage
through April 2022. A
list<https://urldefense.proofpoint.com/v2/url?u=https-3A__mthelectrictrains.emlnk.com_lt.php-3Fs-3D68522f86dbdbce21deaacd35f3210e8c-26i-3D4604A4976A4A256901&d=DwMFaQ&c=3buyMx9JlH1z22L_G5pM28wz_Ru6WjhVHwo-vpeS0Gk&r=qWBLuEUrhr6cH-FAiddsXETM5EGHGyB3C-7Qf6KjeEA&m=wYPeQUfYu5ehaNWbRSayKPZexOdg4fWIWMtBMMRkHyk&s=APMAUX4olSMj7Fea38iaoLtJjRMmaZMmP-NzNQaxCc0&e=>
of M.T.H. Authorized Service Centers is available on the M.T.H. website and
will be updated as M.T.H. Authorized Retailers join the program over the coming
months.
M.T.H. Electric Trains would not have enjoyed success without the support of
the M.T.H. Authorized Retailer network. While traditional retail has changed
significantly over the past decade, the independent hobby shop has been and
continues to be the most important cog in our distribution chain. I truly
appreciate the support and friendship these shops have shown M.T.H. I wish all
of them good luck and prosperity in the years to come.
Finally, I want to thank all of my employees for their hard work over the
years. Most of them have been with me for decades and their loyalty and talents
were paramount to our success.
With thousands of tools and molds and a wealth of intellectual property, a new
model railroading company may arise from my former company as I entertain
various options and buyers. One scenario is a new company organized and owned
by members of my current staff. Their decades of experience, work ethic, and
creative talent will ensure success regardless of who owns the assets while
providing a welcome bridge between the past 40 years and the future.
The remainder of my time will be busy as we clear out inventory and other
miscellaneous items accumulated over the past 40 years. As that process
evolves, we’ll be offering consumer and retailer purchase opportunities
Again, from the bottom of my heart, thank you for your loyal support for all
these years.
