Submitted by David Cook
Leslie Smith, co-founder of the company that made Britain's beloved Matchbox
toy cars, which are still on the market and have become prized collectibles,
has died. He was 87.
Smith died of cancer May 26 at his London home.
Matchbox vehicles were introduced in 1953 with a tiny gilded coach memorializing
the coronation of Queen Elizabeth II.
The early miniature vehicles sold for 49 cents. Now manufactured by Mattel,
they cost about a dollar. Some early models, however, have sold for several
thousand dollars each.
Born in Enfield, England, Smith was an export buyer before serving in
the Royal Navy during World War II. After the war, he worked for a carpet
firm and launched a small die-casting company with a boyhood friend, Rodney
The unrelated Smiths called their firm Lesney Products, a combination
of their first names, and set up shop in an abandoned pub.
The only toys they made were cap guns. Their major products were ceiling
hooks and engine parts and windshield wipers for Ford and Vauxhall.
During the Korean War, the fledgling company almost went out of business
when the British government took over the supply of zinc, their principal
material. Rodney Smith emigrated to Australia, and another childhood friend,
Jack Odell, took his place.
It was Odell who began the Lilliputian toy line that would make company
owners millionaires. When his daughter's school banned any toys that couldn't
fit into a matchbox, Odell created a tiny steamroller for her to play with
The toy proved popular with the girl's schoolmates, and when the zinc
restriction was lifted in 1952, Lesney was ready with the little stagecoach.
Still producing their hooks and machine parts, Smith and Odell made other
3-inch-long toys in their spare time.
Far from the sleek Rolls-Royces that Matchbox would later market, early
models were a dump truck, a steamroller, a tractor and a cement mixer. But
by the mid-1950s, Odell was adding such items as an MG Midget TD, a Vauxhall
Cresta and a Ford Zodiac.
In 1956, Odell began making his Models of Yesteryear with doors and hoods
that opened and other details that created collectible replicas of early-1900s
cars. In 1969, to compete with Mattel's speedy Hot Wheels line, Matchbox
introduced its Superfast dragsters and sports cars.
The company's quality craftsmanship, variety and low prices produced
an internationally successful product. By the 1960s, Lesney had 13 factories
and a staff of 6,000 churning out a million Matchbox cars a day.
While Odell concentrated on the models, Smith specialized in international
marketing and labor relations. He believed women were the best toy makers
and, to encourage them, he arranged double-decker buses to drop off and
pick up their children from school.
To maintain the exacting quality and precise detail that made Matchbox
famous, Smith struggled to keep his manufacturing operation in Britain,
rather than moving it to Asia, where cheaper labor was available. But international
competition compelled him to sell out to Universal Toys in 1982. That company
was later acquired by Tyco Toys, which merged with Mattel in 1997.
After leaving the toy business, Smith worked in school administration.
He was granted the Order of the British Empire in 1968.
In 1998, the British
Toy & Hobby
Assn. gave Smith a lifetime achievement award for his positive and lasting
contributions to the toy industry. Smith
had served as president and chairman of the organization.
Widowed by the death of his wife, Nancy, in 1969, he is survived by two
sons, Andrew and John; a daughter, Karen Brouard; a sister, Mollie Rissbrook;
and nine grandchildren.