Wednesday, Dorel Industries Inc. (DII-A.TO) 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 acquired in a bankruptcy auction by Iron Horse's secured lender following that company's decision to suspend operations for financial reasons.
Dorel Industries Inc. is a maker of juvenile products and bicycles. Established in 1962, Dorel creates style and excitement in equal measure to safety, quality and value. The company's lifestyle leadership position is pronounced in both its Juvenile and Bicycle categories with an array of trend-setting products.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.