Bell Sports Corp. announces sale of SportRack division.SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 2, 1997--Bell Sports Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :BSPT BSPT Bachelor of Science in Physical Therapy BSPT British Standard Taper Pipe Thread BSPT Bachelor of Science in Physics for Teachers and BSPTG) Wednesday announced that the company has completed the sale of substantially all of the assets of its SportRack division for approximately $14 million to an affiliate of Advanced Accessory System Canada Inc. SportRack, headquartered in Granby, Quebec For the township see Granby, Quebec (township) Granby is a city in southwestern Quebec, located east of Montreal on Lac Boivin. Granby is the seat of La Haute-Yamaska Regional County Municipality. , designs, manufactures and markets automobile roof rack systems and reported approximately $7 million in sales for the 12 month period ending June 28, 1997. The company also markets a full-line of rear rack bicycle carriers under the Rhode Gear brandname which are not part of the assets sold. Headquartered in Scottsdale, Bell Sports is a leading manufacturer and marketer of bicycle helmets, bicycle accessories and auto racing helmets. Bell Sports markets its products under the brand names: Bell, Giro giro Noun pl -ros 1. (in some countries) a system of transferring money within a bank or post office, directly from one account into another 2. , Rhode Gear, VistaLite, Blackburn, BSI BSI - British Standards Institute , Bike Star, Copper Canyon and Cycle Products. CONTACT: Bell Sports Corp., Scottsdale Sondra L. Lehman, 888/534-9500 Linda K. Bounds, 408/574-3436 |
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