Iron Horse: Sale negotiations still underway

But UK importers are going from strength to strength

UK Iron Horse importers Jim Walker say negotiations are still underway for the sale of the brand after its parent company became a victim of the recession in America.

In a statement, the firm said the problems in the US would have little impact on Iron Horse's UK range, as this year's bikes have already been delivered.

They said UK distribution was continuing with back-up stock, and any service issues should be directed to Jim Walker as usual.

Jim Walker said that, despite the difficulties with Iron Horse, they had enjoyed record levels of trading in the first quarter of 2009.

The company's CEO, Ian Wilson, said: "It’s a shame when the owners of such a strong, desirable brand as Iron Horse fall victim of the recession in America. Particularly when it's so different to our experience here in the UK, where our results are not only at record levels, parts of our business have doubled in the first part of this year and we have some incredible new opportunities.

"Naturally any change of ownership of a brand takes time to sort out so, unfortunately we all have to be a little patient at the moment to see where it ends up. But from what we have been told, we are confident of a strong ownership for the brand in the future."

Jim Walker said they had agreed new distribution arrangements for a number of very desirable brands, details of which will be announced soon.

Last week, reports suggested three Asian factories had filed an involuntary petition for bankruptcy against Iron Horse in an effort to recoup more than $5 million in back debt.

CW has been riding mountain bikes for more than two decades now. He's the first to admit he's not the fittest or most skilful rider on the hill, but that doesn't stop him sweating up the climbs to have a blast on the downhills.
  • Discipline: MTB, commuting
  • Preferred Terrain: Big mountains and flowing singletrack
  • Current Bikes: Whyte T-129 S SCR, Stanton Sherpa 853, Pinnacle Dolomite 6
  • Dream Bike: Evil The Following
  • Beer of Choice: Theakston Old Peculier
  • Location: Bristol, UK

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