Its roots lie in the 1969 purchase of the Lionel product line from the Lionel Corporation by cereal conglomerate General Mills and subsequent purchase in 1986 by businessman Richard P. From the first spark of a vintage steam engine to the magic of Christmas morning, we’re here to help you build memories that last for … 💸 Enjoy 30% off and free shipping, more suitable for your budget! Add these legendary trains to your collection! Lionel's long tradition of quality toy trains and accessories makes them a respected favorite of hobbyists young and old. Lionel is known for their model train sets, popular Lionel Fastrack, Legacy engines, and ….