Huffy leaves bankruptcy
 

MIAMISBURG, Ohio – Huffy Corp. announced today it has emerged from bankruptcy
after receiving $50 million in loans from two financing corporations.

The 117-year-old bicycle and sporting goods company filed for reorganization
last October under Chapter 11 of the federal bankruptcy code, citing losses
largely from a Canadian sports equipment company. A judge last month approved
the reorganization plan, contingent on the company finding financing.

Huffy has about 110 workers and is headquartered in this Dayton suburb.

“Huffy Corp. has now successfully completed a very difficult period in its long
history,” said John Muskovich, president and CEO. “We have accomplished all of
our major objectives for this process and have secured an exit financing
package, which along with the support from our trade suppliers will provide
assurance to our customers as to the strength of the new Huffy.”

Huffy said its board of directors has been reconstituted. Its new chairman is
Zhidong Liang, executive vice president of China Export & Credit Corp.

“Huffy Corporation is an important partner for the China-based companies which
manufacture its bicycles, and we look forward to a long and mutually beneficial
working relationship,” Liang said.

http://news.enquirer.com/apps/pbcs.d...IZ01/310140005

Huffy leaves bankruptcy
 

It would be kinda cool if Huffy made a $300 recumbent. I'd buy one to
try.

Huffy leaves bankruptcy
 

At the XMAS party that my LBS threw each year the highlight activity
was the "Huffy Toss." Modeled on the Highland games the winner was the
person who could "toss" the Huffy the farthest. That ws the best use we
could find for the Huffy and I am happy to see that they will still be
available for the event.

Huffy leaves bankruptcy
 

Ditto! We had one of those at a Christmas Charities fix-up a few years
back... it was the highlight of the day!

Mike Lackey
Madison, AL


"gds" wrote in message
oups.com...
At the XMAS party that my LBS threw each year the highlight activity
was the "Huffy Toss." Modeled on the Highland games the winner was the
person who could "toss" the Huffy the farthest. That ws the best use we
could find for the Huffy and I am happy to see that they will still be
available for the event.

Huffy leaves bankruptcy
 

"Garrison Hilliard" wrote in message
...
MIAMISBURG, Ohio - Huffy Corp. announced today it has emerged from
bankruptcy
after receiving $50 million in loans from two financing corporations.

The 117-year-old bicycle and sporting goods company filed for
reorganization
last October under Chapter 11 of the federal bankruptcy code, citing
losses
largely from a Canadian sports equipment company. A judge last month
approved
the reorganization plan, contingent on the company finding financing.

Huffy has about 110 workers and is headquartered in this Dayton
suburb.

"Huffy Corp. has now successfully completed a very difficult period in
its long
history," said John Muskovich, president and CEO. "We have
accomplished all of
our major objectives for this process and have secured an exit
financing
package, which along with the support from our trade suppliers will
provide
assurance to our customers as to the strength of the new Huffy."

Huffy said its board of directors has been reconstituted. Its new
chairman is
Zhidong Liang, executive vice president of China Export & Credit Corp.

"Huffy Corporation is an important partner for the China-based
companies which
manufacture its bicycles, and we look forward to a long and mutually
beneficial
working relationship," Liang said.

Huffy is a perfect candidate for a "do not resuscitate" living will.
They will never improve their branding image without a name change. How
about Huffy-Davidson.

Phil H

Huffy leaves bankruptcy
 

To the list,

But on the plus side, the homeless guys all know a Huffy is a superior
ride, compared to all the other Kmart/Wally World bikes out there. The
only thing better is an old Schwinn electro-forged. 500,000 bums on
bikes agree...

The Schwinn is rebuildable, all the others are throwaways. But hey,
Huffy was made in USA, and when they put their minds to it they could
make a good bike.

later

jn

"Thursday"

Huffy leaves bankruptcy
 

bryanska wrote:
It would be kinda cool if Huffy made a $300 recumbent. I'd buy one to
try.

I'd weigh 100 lbs.

Huffy leaves bankruptcy
 

gds wrote:

At the XMAS party that my LBS threw each year the highlight activity
was the "Huffy Toss." Modeled on the Highland games the winner was the
person who could "toss" the Huffy the farthest. That ws the best use we
could find for the Huffy and I am happy to see that they will still be
available for the event.

My Huffy at the moment has, let's see, 60,000 miles on it.

http://home.att.net/~rhhardin/bike.jpg

--
Ron Hardin


On the internet, nobody knows you're a jerk.

Huffy leaves bankruptcy
 

wrote in message
oups.com...
To the list,

But on the plus side, the homeless guys all know a Huffy is a superior
ride, compared to all the other Kmart/Wally World bikes out there. The
only thing better is an old Schwinn electro-forged. 500,000 bums on
bikes agree...

The Schwinn is rebuildable, all the others are throwaways. But hey,
Huffy was made in USA, and when they put their minds to it they could
make a good bike.

The DUI guys I see around here are usually on NEXT double boingers. It seems
like they would be better served with one of the NEXT hybrids. Now that
WalMart is selling the GMC Denali road bike, I wonder if that will become
the DUI ride of choice? I didn't see rack eyelets on it, so it would be
difficult for them to mount the milk crate.

Huffy leaves bankruptcy
 

Gooserider wrote:
wrote in message
oups.com...
To the list,

But on the plus side, the homeless guys all know a Huffy is a
superior ride, compared to all the other Kmart/Wally World bikes out
there. The only thing better is an old Schwinn electro-forged. 500,000
bums on bikes agree...

The Schwinn is rebuildable, all the others are throwaways. But hey,
Huffy was made in USA, and when they put their minds to it they could
make a good bike.

The DUI guys I see around here are usually on NEXT double boingers.
It seems like they would be better served with one of the NEXT
hybrids. Now that WalMart is selling the GMC Denali road bike, I
wonder if that will become the DUI ride of choice? I didn't see rack
eyelets on it, so it would be difficult for them to mount the milk
crate.

The beer-carrying milk crate?

--
Phil, Squid-in-Training