After four decades in business, M.T.H. Electric Trains is closing.
President Mike Wolf announced Monday that he is retiring, shuttering the business in May 2021 but leaving the door open to prospective buyers to form a new company. In a letter to customers, Wolf said the last products the company will offer are those associated with its latest catalogs.
Wolf thanked retailers for supporting the company from its “humble beginnings” and employees for their hard work. At one point, M.T.H. Electric Trains employed 57. The dealer network extends beyond the U.S.
“M.T.H. Electric Trains would not have enjoyed success without the support of the M.T.H. Authorized Retailer network,” he said in a statement. “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.”