Kolpin Outdoors Buys Cycle Country ATV Accessories Division
Cycle Country Accessories Corp. is selling its ATV Accessories product line to Kolpin Outdoors Inc. for $9.7 million.
“After exploring all available alternatives, it was determined that selling the ATV Accessories product line was the best opportunity to maximize the value of the business for our company stockholders, as well as to provide the best opportunity for our customers, employees, and suppliers,” says Cycle Country CEO Robert Davis.
“We are very pleased be able to bring together two of the premium brands in the Powersports space, Kolpin and Cycle Country,” says Tom Lutes, president and CEO of Kolpin. “Our intentions are to keep the current Cycle Country products and brand exclusive to the Powersports channel, while pursuing new, differentiated product in other channels under the Kolpin brand.”