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We learned today that Mr. Schöntag, the announced buyer of E.P. Lehmann, has been unable to secure bank financing to complete the purchase. Although we believe that another buyer or investor will be found, this is an extremely difficult situation for our many friends at Lehmann, and we wish them all the best. “ "However, LGB will live and thrive, with or without Lehmann. Here is the key: LGB of America owns the trademark and marketing rights for LGB for the entire world except Germany, and we are working hard to ensure that the production of LGB products -- with all the quality you expect from LGB -- continues long into the future.“ There will be delays in announcing new products this year, but there will be new products, including a new American-prototype loco that we believe you'll be very excited about. We do expect short-term shortages of some items, but we do expect to have ample supply of those items in the future. We'll continue to ship from our warehouse in New Jersey, and we'll continue to provide service from San Diego. In short, the LGB family has a new home at LGB of America.“ "Meanwhile, we're adding new rooms to that home. When LGBoA gained its independence in August, we said we would look for other quality products for our customers. For example, we are already shipping the new PIKO "Taurus" G-scale locomotive, and you can be sure there will more announcements of new lines in the coming days and months.“ "I know the road has been and will be bumpy, but the support we have received from you has given us the strength to overcome all kinds of obstacles. Together, we are family, and together, we are LGB." |