Accell sells Diamondback, Redline and IZIP to Mavic’s new owner

By Steve Frothingham

With the sale, for $1 upfront with a potential $15 million earnout, the “profit dilution of the North American business is eliminated.”
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https://www.bicycleretailer.com/industry-news/2019/08/07/accell-group-sells-diamondback-redline-and-izip-regent-lp-mavics-new-owner

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Via:: Bicycle Retailer and Industry News