Edelbrock Corp. acquires motorcycle parts manufacturer.TORRANCE, Calif.--(BUSINESS WIRE)--March 8, 1995--Edelbrock 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 NM:EDEL EDEL Electronic Deliverable ) Wednesday reported that it has acquired the assets of QwikSilver II Inc., an established Apple Valley, Calif.-based manufacturer of motorcycle parts and accessories for production and aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. applications. QwikSilver II is best known for its high-performance Harley-Davidson carburetors, which have been featured on a number of race-winning motorcycles, including two world championship winners. The company holds numerous design patents and is the only manufacturer providing California emissions-legal performance carburetors to the motorcycle industry. QwikSilver II currently produces carburetors and air cleaners for Harley-Davidson, Buell and KTM KTM Kauppa- ja Teollisuusministeriö (Finnish: Ministry of Trade and Industry) KTM Keretapi Tanah Melayu (Malayan Railway, Malaysia) KTM Kauppatieteiden maisteri (premier off-road motorcycle) applications, and also plans to enter the jet ski/waverunner and snowmobile snowmobile, vehicle designed to travel over snow, ice, and similar surfaces that offer limited traction and weight-supporting capability. As the performance of the vehicle depends to a large extent on keeping its weight as low as possible, there is no enclosure for aftermarket. Pursuant to the acquisition, Edelbrock formed the Edelbrock/QwikSilver division, through which it will conduct the QwikSilver operation. QwikSilver II co-founders Bill and Mike Edmonston will head the new division as general managers of research and development and operations manager See datacenter manager. , respectively. Edelbrock successfully entered the performance-oriented motorcycle parts aftermarket in 1994 with a popular line of high-performance manifolds and cylinder heads for Harley-Davidon's Evolution engine, the acquistion will add a series of high-performance carburetors and other production and aftermarket products. These will be marketed worldwide through Edelbrock's established motorcycle distribution network. Commenting on the acquisition, Edelbrock Chairman and Chief Executive Officer Vic Edelbrock O. Victor Edelbrock, Sr. (1913 - 1962) was an American automotive aftermarket performance parts engineer and racer. Victor, known as "Vic", established Edelbrock Corporation in Beverly Hills in 1938. said: "QwikSilver II has rapidly built a well-earned reputation for superior product design and quality within the motorcycle industry, and that reputation was built by Bill and Mike Edmonston. "We're confident that their proven talents, combined with Edelbrock's manufacturing, distribution and marketing strength, will maintain the success we have had since entering the motorcycle performance parts market." Founded in 1938, Torrance-base Edelbrock Corp. is recognized as one of the nation's premier designers, manufacturers, marketers and distributors of high-performance replacement parts for the automotive aftermarket. In addition to production facilities in Torrance, the company owns and operates a state-of-the-art aluminum foundry in San Jacinto San Jacinto, river, c.130 mi (210 km) long, rising in SE Texas as the West Fork and flowing S to Galveston Bay. Its chief tributary is Buffalo Bayou, and both the bayou and the lower river are used for the Houston ship channel. , Calif., in which it manufactures many of its quality products. CONTACT: Edelbrock Corp., Torrance Jeffrey L. Thompson, 310/781-2222 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 |
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