Model Power, a model railroad manufacturer for over sixty years is closing its doors forever. Among other things, they have manufactured lower-end train sets, locomotives and rolling stock as well as a variety of plastic buildings. Recently, they acquired the old steam locomotive line from Mantua. No mention is being made of whether or not anyone will pick up the assets of the company and continue operation under another name.
You can read about the closure here. http://www.modelpower.com/
It is always sad to see a manufacturer leave an already way too small group of model railroad suppliers.