As the American industry magazine Bicycle Retailer writes, Dorel paid 5.2 million dollars for Iron Horse. The bike brand was up for sale after the previous owner company World Wide Bicycle Suppy had to file for bankruptcy last March.

Iron Horse has made a name for itself primarily with its downhill and park bikes. If you take this purchase into account, it becomes clear why Dorel subsidiary Cannondale will be withdrawing from the downhill and dirt segment next year.

Dorel Industries is the parent company of the Cannondale Sports Group, which includes the high-end brands Cannondale, GT and Sugoi. Dorel also owns the Schwinn, Mongoose and Dyno brands, among others, through its subsidiary Pacific Cycle.