It is with great pleasure that I forward the following announcement from my friends at Pashley Handbuilt Bicycles in Great Britain.
Yours in leather,
Gilbert" Pashley Moulton Dealer in The States" Anderson The Bicycle Outfitter Raleigh, NC USA firstname.lastname@example.org
In a message dated 11/7/00 11:45:37 AM, Dan@pashley.co.uk writes:
<< I am sure that Moultoneers will be interested in the following announcement.
I for one am much relieved.
So if you are thinking of buying a new saddle - make sure it's a Brooks.
The (Moulton model-added for clarity) APB fx80 will now be fitted with the Brooks Swift as originally intended.
Brooks Saddles free to build on fine heritage in £1 Million acquisition
The management team of Brooks, makers of fine leather bicycle saddles have
acquired the business from the liquidators of its parent company, Sturmey
Archer Ltd (in liquidation) of Nottingham.
Brooks, based at Smethwick, Birmingham had always been a separate
manufacturing centre from its parent company and so the team will be
straight back into production on Monday 6th November.
The acquisition was supported by private investors from within the bicycle
industry who have a high regard for the quality saddles that Brooks produce.
Brooks saddles sell to over 180 companies world wide with over 85% of
production going to discerning customers overseas. The saddles are used on a
comprehensive range of cycles including traditional and contemporary styled
bikes, touring cycles, tandems and performance road bikes.
Brooks Managing Director, Gordon Nixon is delighted to be back at work with
his loyal team of craftsmen, saying "We were deeply shocked when our parent
company went into liquidation through no fault of our own. Brooks was
founded in Birmingham over 130 years ago and we have always been immensely
proud of our heritage. We are now thankfully free to continue to build on
our reputation as the finest bicycle saddle maker in the world. We are
extremely grateful for all the support we have received, especially from our
customers who have stood by us and who have today, on our first day back,
given us orders in excess of a months production."
The acquisition of Brooks was overseen by Paul Bennett of the law firm
George Green (of Cradley Heath), acting with the investors in conjunction
with James Grenfell of Birmingham based Corporate Financiers, Invex Partners
Ltd. Banking facilities are being provided by HSBC, Birmingham.
----- * -----
Moulton List page - http://www.topica.com/lists/moulton >>