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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