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Minnesota based Mound Metalcraft Company founded Tonka in 1947 to manufacture pressed steel toy trucks. The Tonka name was sourced from nearby Lake Minnetonka.

Around 1980, they also issued a range of 3" scale sized launcher type diecast vehicles that were made in Japan.

In 1987, they aquired Kenner, before they themselves became a part of Hasbro in 1991.

Since 1998, Maisto has been the maker and distributor of licensed Tonka brand offerings. There first vehicles were smaller versions of the pressed steel models. A series of 50 castings with unique Tonka paint schemes soon followed. A 51st casting was offered as a bonus "collectors search vehicle" (?) that is not as commonly found. They also produced a line of "Lil'Tonka" vehicles that are cartoonish in appearence. Another series was a range of key chains made from ex-Zlymex castings called the "Mighty Constructon Keychain" as a 'Fun 4 All' brand subsidiary to Tonka. These were noted to have been made by Red Box (?).

Sourced references -

Encyclopedia of Small-Scale Diecast Motor Vehicle Manufacturers - Sahakangas, Foster & Weber (2006)
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