It’s official at last: Raleigh Cycle Ltd. is free to trade

Of course, the news that Alan Finden-Crofts and a team of former Derby Cycle Corporation managers had been successful in their bid for DCC assets had been known since before Interbike. But the deal has now passed all the legal hurdles. And Raleigh Cycle Ltd. has also just sold Winora-Staiger and Wiener Bike Parts of Germany
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Winora-Staiger and Wiener Bike Parts in Germany have been sold to the Accell Group. Derby South Africa will be purchased by the local management.

This restructuring is on top of the Raleigh UK changes announced last week: http://www.bikebiz.co.uk/.../article.php?id=1719

Raleigh Cycle Ltd, consists of Raleigh America, Raleigh Canada, Raleigh UK and Derby Cycle Werke in Germany, together with trading companies Raleigh Taiwan and Raleigh China.

CEO Alan Finden-Crofts said: “We now start off on a sound financial basis. We are debt free and have substantial assets, in contrast to the unsatisfactory arrangements under the previous ownership.

“This will enable our experienced management teams to focus, once again, on the core task of developing our international brands by designing, marketing and manufacturing outstanding bicycles and parts and accessory ranges.

“Our suppliers and customers have given us strong support over what has been a difficult time. We now have the structure in place for a successful and prosperous future and we look forward to continuing to work with them, over the months and years ahead.”


RELATED ARTICLES:

30th September

INTERBIKE: Derby Cycle Corp bites the dust; 'Raleigh Cycle Ltd.' takes over

http://www.bikebiz.co.uk/.../article.php?id=1663

25th September

Cycle Bid Co looks certain to claim Derby Cycle Corporation

http://www.bikebiz.co.uk/.../article.php?id=1652

For more bikebiz.co.uk articles on DCC and Raleigh Cycle Ltd. do a search on ‘Finden-Crofts’.

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