The parent company of Round 2, Praesidian, has announced their intent to acquire Lionel Trains. The following press release was shared with the editorial staff of Classic Toy Trains:
As you may have heard, Praesidian’s portfolio company, Round 2 has announced its intent to purchase Lionel, LLC. In the weeks ahead, as the transaction progresses, the companies will come together as the Lionel Brands Group. We are aligned around a shared vision to build a stronger, fan-first platform that supports the brands, communities, and partners that have made each company successful, while creating new opportunities to grow over time.In the near term, it remains business as usual. Our priority is maintaining continuity and supporting the programs already underway. Future announcements will be made on our social media channels.We appreciate your continued support, and we look forward to building on the strong legacies that define both Lionel and Round 2.
This acquisition marks a significant development for the storied manufacturer of toy trains and the toy train industry as a whole. This is a developing story, and we at Classic Toy Trains and Trains.com will keep you updated as we learn more.
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