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by Matt de Neef
January 8, 2018
In today’s edition of the CT Daily News Digest: Alex Edmondson dashes to Australian road race title; Shannon Malseed sneaks past the favourites to become Australian champion; Cyrus Monk solos to Australian U23 road title; Georgia Williams claims New Zealand nationals double; Jason Christie, Hamish Bond claim New Zealand national titles; Durbridge suffers concussion and broken collarbone in Road Nats crash; Michael Matthews to target Spring Classics and Tour de France sprints in 2018; Greg LeMond critical of Chris Froome’s salbutamol excuse; Pierre Rolland to tackle the Tour de France and Vuelta a España in 2018; American Classic shuts up shop; Meet Shannon Malseed, 2018 Australian road race champion.
As reported by Bicycle Retailer and Industry News (BRAIN), Amclassic Inc, the parent company of the American Classic wheel and component brand, has closed its Taiwan-based factory and laid off 40 employees in Taiwan and the U.S.
The company is reportedly in negotiations to sell its trademarks and other intellectual property. It’s currently unknown whether the American Classic brand will continue under new ownership.
Back in 2016, American Classic reported its growth ambitions within the OEM market, an expansion gamble that evidently didn’t work out for the long-standing company.
Company co-owner Bill Shook will continue his design work on a consultancy basis away from the company he founded 35 years ago.
Read the full report at BRAIN.