The Hafner Manufacturing Company was a maker of tinplate clockwork-powered O gauge toy trains, based in Chicago, Illinois, from 1914 to 1951.
In the book Greenberg's Guide to American Flyer Prewar O Gauge, author Alan R. Schuweiler cites three possibilities: Hafner may not have known what official position he held in the company, he may have sought a larger share of the company, and he may have been passed over in favor of his co-founder's son, William Ogden Coleman Jr. During its peak periods, it employed as many as 150 people.
Unlike most its competitors, not including Marx, Hafner survived the Great Depression without making significant changes to its product line, since it always specialized in inexpensive train sets that sold for US$3 or less.
In a 1992 interview, Hafner said he was glad to get out of the business, citing increased difficulty competing with larger toy manufacturers.
Louis Marx and Company purchased the Hafner tooling, then shipped it to its subsidiary in Mexico, where it was used to produce inexpensive windup and battery-powered sets.
The clockwork locomotives and colorful lithographed tinplate rolling stock placed Hafner at the low end of the market.