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Lionel Snapshot
For generations of little boys -- and their fathers -- it wasn't a merry Christmas without a toy train from Lionel under the tree. The nation's #1 model train manufacturer, Lionel LLC makes more than 300 lines of trains, steam and diesel locomotives, and accessories. The company's sales peaked in the mid-1950s and then declined as interest in toy trains has waned. Today, entry-level models and new collectors driven by nostalgia are fueling sales. The company has also been updating technology, releasing more sophisticated control systems and more authentic replicas. Founded in 1900 by Joshua Lionel Cowen, the train maker emerged from a two-and-a-half year stay under Chapter 11 bankruptcy protection in May 2008.
