Accell Group completes acquisition of Seattle Bike Supply

Mar 15, 2006

Written by Bart de Jong

Read 7375 times

gOrk and his posse of riders including Redline's Rooftop, Dustin Gunther, Tyrone Williams and Bubba Harris are now working/riding for a Dutch firm called Accell Group. We're pretty sure it will be business as usual over there at SBS but the company got bought by the Accell Group at the beginning of this month. Accell will probably use this position to sell Redline bikes through their giant network in Europe so if you happen to see a Redline in the shop window of your local bike shop, you know where that's coming from. Here's a bit of official info on the acquisition:

Accell Group completes acquisition of Seattle Bike Supply

Heerenveen, 1 March 2006 – Accell Group N.V. has completed the acquisition of all outstanding shares in Seattle Bike Supply Inc. (SBS; Seattle, USA). The acquisition was announced at the beginning of February. The transaction is financed from Accell Group’s own resources. SBS is expected to contribute to the earnings per share of Accell Group in 2006. Consolidation will take place as of 1 March 2006.