KOLPIN CLOSES ON PURCHASE OF ATV
DIVISION
OF CYCLE COUNTRY ACCESSORIES CORP
Fox Lake, WI (January 2, 2012) Kolpin
Outdoors, Inc. is pleased to announce that as of December 31, 2011 it has
closed on the transaction to purchase the ATV Accessories product line from
Cycle Country Accessories Corporation, of Spencer, IA. Kolpin is
purchasing only the ATV Accessories product line, and not any other operating
entity of Cycle Country, nor its manufacturing operations, real estate,
machinery and equipment. Cycle Country will continue to manufacture the ATV
Accessories products for Kolpin through March of 2012.
In order to insure a seamless transition and
continuity for Cycle Country’s distribution partners, Kolpin has also announced
that it will hire certain Cycle Country employees in the sales, customer
service and product development/engineering areas and will maintain a physical
office and R&D center location in Spencer, IA.
“We are very pleased to be able to bring
Cycle Country into the Kolpin Powersport family of brands,” stated Tom Lutes,
President/CEO of Kolpin. “We have spent many years developing the culture,
brand, product and distribution strategies that have brought Kolpin to the
forefront of the industry. As the new steward of the Cycle Country brand, we
fully intend to apply those same principles in projecting it to the next level.
Job #1 is to build a strong foundation to ensure we are serving our Powersport
distribution and dealer partners in a timely, efficient and quality manner.
Once we are confident the foundation is solid and in in place, we will begin
driving innovative product development and more aggressive brand marketing at
both the trade and consumer level.”
Cycle Country will be managed as an independent
product brand under the Kolpin Powersports family and will remain as an exclusive
brand of products to the Powersport distribution/dealer channel. Certain
elements of the brand activity will be integrated into Kolpin, but dedicated
resources for sales, customer service and engineering will be maintained for the
Cycle Country brand.
Mike Stone, Executive Vice President of Kolpin
was quoted, “We are taking the reins of Cycle Country well into this year’s snow
season, thus we will have minimal ability to
impact the supply for this season. However, we are hard at work at putting in
place a world class supply chain, both domestically and off-shore. Our mantra,
in fact our guarantee, is that we will have adequate supply of product on the
shelves well before the snow starts flying in the upcoming season. As we speak,
our supply chain partners are already tooling up and producing product for the
2012/13 season.”
About Kolpin Outdoors Inc:
Kolpin®
Outdoors Inc. is a growth-oriented marketer and manufacturer of innovative ATV
accessories and UTV accessories. As The Leader in All-Terrain Innovation,
Kolpin sets the standard for quality, innovation and design. Kolpin ATV
products and UTV products are designed for recreational ATV and UTV riders,
hunters & outdoorsmen, and landowners. Kolpin continues to redefine the
industry with patented innovations such as our world-renowned Kolpin ExpansionSystem (KXP), Gun Boot® cases and brackets, Stealth Exhaust, DirtWorks™ System
and a large assortment of ATV and UTV accessories. To learn about the latest
products, news and topics follow us on www.kolpin.com .