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Body Style Information: At some point, likely when civil war broke out in that country, Model Power was unable to get 40 foot steel reefers from Mehano. So they went to Hong Kong and found a factory willing to make a clone of the Yugoslavian model. This Chinese-made Model Power tooling is a knock-off of the earlier Mehano model which in turn was a knock-off of the Roco 40 foot steel reefer. There are small differences between the different toolings. The easiest way to tell them apart is that the Roco made models will say 'Austria' on the bottom, Mehano made models will have 'Yugoslavia' stamped on the bottom and the Chinese cars will say 'Hong Kong' or 'China'. They originally came packaged with Rapido couplers and Nicke-Silver plated steel wheels. Recent releases come with knuckle couplers.
Since 1896, the company has used its "57 Varieties" slogan; it was inspired by a sign advertising 21 styles of shoes, and Henry Heinz chose the number 57 even though the company manufactured more than 60 products at the time.
On February 14, 2013, Heinz agreed to be purchased by Berkshire Hathaway and 3G Capital for $23 billion. On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire Hathaway and 3G Capital. The resulting Kraft Heinz Company is the fifth largest food company in the world. Berkshire Hathaway became a majority owner of Heinz on June 18, 2015. After exercising a warrant to acquire 46,195,652 shares of common stock for a total price of $461,956.52, Berkshire increased its stake to 52.5%. The companies completed the merger on July 2, 2015.
In early 2014, Model Power ceased its business operations. Its extensive portfolio of intellectual property and physical assets are now exclusively produced, marketed, sold, and distributed by MRC (Model Power, MetalTrain and Mantua) and by Daron (Postage Stamp Airplanes and Airliner Collection).
Item created by: gdm on 2017-03-07 15:30:43. Last edited by gdm on 2017-03-07 15:32:49
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