Dorel Industries Inc. has acquired certain assets of Iron Horse Bicycles, including inventory, various trademarks and trade names, as well as the “Iron Horse” brand, in a transaction valued at US$5.2 million. The assets were bought in a bankruptcy auction following that company's decision to suspend operations due to a liquidity crisis.
Dorel said Iron Horse, marketed throughout North America and internationally, is best known for its downhill and extreme trail bikes. The company also offers products ranging from mountain bikes, road bikes, and comfort bikes to juvenile bikes and hybrids.
