Gale Products, Inc., was a subsidiary of OMC which made Johnson and Evinrude outboards.  Prior to WWII, Gale, manufactured refrigerators and room air conditioning units.  These products were never a real success. Johnson and Evinrude outboards, however, were coming into their own.  So after the war OMC decided to add to what they did best - more brands of outboards and drop the ref/ac mfg.  They manufactured outboard motors for outside companies including Wards, Spiegel, Gamble and Goodyear.  Then, they added their own economy line under the name Buccaneer. 
Gale products was so successful that in 1948 they sold over 100,000 outboard motors, more than all other manufacturers including Mercury, Johnson and Evinrude! 
Later, in the 1960s, OMC dropped all Gale built outboard models feeling that the Johnson & Evinrude brands would pick up the loss.  Of course, it never happened that way as the Gale built models primarily served a different market and OMC suffered financially for that decision.

The Gale and Buccaneer real outboard motors were OMC's economy line of engines.  OMC's premium engines were Evinrude and Johnson.  Since most kids were looking to buy the more common Evinrude, Johnson and Mercury toy motors the Gale and Buccaneer motors did not sell as well.  That means that they are very rare today, with the exception of the 1957.  The rarest of all the motors is the 1960 Gale Sovereign 60 HP.  In fact, it's the rarest and most sought after toy outboard motor commanding thousands of dollars.

A special thank you for the above information to Marco, who joined Gale in 1951 and spent the next 31 years with OMC.  He was the marketing head of the Gale Division all thru most of the 1950s and 1960s. 

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