The NASCAR Teams Licensing Trust Enters Into Joint Venture with Lionel Trains To Create Exclusive Die-Cast Company
Charlotte, N.C. (July 12, 2010) – The NASCAR Teams Licensing Trust (NTLT) announced today that it has formed a joint venture with Lionel Electric Trains to make and sell NASCAR replica die cast race cars.
The joint venture is not a traditional licensee agreement. Both NTLT and Lionel will actively manage and develop the business, in which it will be partners. “NASCAR Die-cast cars have been a unique and important part of our sport for many years and a true collectable that our fans treasure,” said Paul Brooks, senior vice president, NASCAR and a member of the NASCAR Teams Licensing Trust Board of Directors. “Creating this partnership with a renowned brand like Lionel is a powerful move for our fans and the long term sustainability of this business.
Lionel has plans to offer fans and collectors die-cast models representing all of the NTLT teams and more than 30 NASCAR national series drivers. The joint venture will take over the category from Motorsports Authentics, a Concord, N.C.-based company that will focus on its core competency of trackside retail and be the exclusive die-cast car retailer at NASCAR tracks.
“Collecting die-cast cars is one of the core ways that fans have of connecting with their favorite teams and drivers.” said Jerry Calabrese, CEO of Lionel. “We’re very excited about this new joint venture. We have more than 110 years of experience making the highest quality die cast products that have been cherished by generations of collectors and their families. We’re eager to bring that same dedication and experience to NASCAR and its uniquely passionate fans, and we can’t wait to get started.”
About LIONEL Electric Trains
Based in New York City, Lionel Electric Trains has been America’s leading manufacturer of model trains and accessories since 1900 and is one of America’s leading brand equities. The Lionel name is among the most widely recognized brand in the toy train industry and has been at the forefront of every major innovation in toy train manufacturing and marketing since its inception. For more information, visit www.Lionel.com.
About NASCAR TEAMS LICENSING TRUST
The NASCAR Teams Licensing Trust is a NASCAR industry managed organization created to promote efficiency and operational structure for the sport’s licensed merchandise business. The Trust is comprised of NASCAR and participating teams in NASCAR’s national race series and is operated under a Board of Directors representing those organizations.
The initial participating teams include: Dale Earnhardt, Inc.; Earnhardt Ganassi Racing with Felix Sabates; Hendrick Motorsports; Joe Gibbs Racing; JR Motorsports; Michael Waltrip Racing; Penske Racing; Richard Childress Racing; Richard Petty Motorsports; Roush Fenway Racing, and Stewart-Haas Racing.
The NASCAR Teams Licensing Trust manages the intellectual property rights for the participating teams and NASCAR in key categories including apparel, die-cast collectables, toys and trackside retail.