Model Power was founded in the late 1960's by Michael Tager and produced a range of models to include Railroad, Diecast Vehicles and Aircraft. Due to market pressures and possibly its extensive and varying range of products the business based in New York ceased trading in 2014 although some of its more famous names are still manufactured today.

Production and distribution of names such as Model Power, Mantua Classics and Metaltrain have been taken over by MRC (Model Rectifier Corporation) and the Postage Stamp Aircraft and Airliner Collection are now produced and distributed by Daron Worldwide Trading Inc.