Local Cycling Businessman, Tony Karklins buys Guru Cycles Assets

From Bicycle Retailer Story: Tony Karklins, along with a few other investment partners, has acquired the tooling, machinery and intellectual property from Montreal-based Guru Cycles and plans to set up a composite/carbon factory in the U.S. Guru Cycles filed for bankruptcy in December and its owners auctioned off assets in February. Karklins did not buy the Guru trademark name, which is … [Read more...]