Everything about Huffy totally explained
The
Huffy Corporation is an
American importer and manufacturer of inexpensive mass-market
bicycles and
golf equipment. It was founded in
1887 when
George P. Huffman purchased the Davis Sewing Machine Company and moved its factory to
Dayton, Ohio. Seven years later, in
1894, Huffman adapted the factory to manufacture their well-known line of bicycles. The Huffy Corporation also owns the
golfing brands Tommy Armour and Ram Golf. In 2004, it sold its Huffy Sports division to
Russell Corporation. Huffy Sports manufactures various sporting goods, including the Hydra-Rib
basketball systems used by the
NBA.
Huffy Bicycles
From the company's inception until
1949, Huffy manufactured and sold bicycles under the "Dayton" brand. Popular models included the Special Roadster, the Racer, the LaFrance, and the Streamliner.
In 1949, Huffy developed the Huffy Convertible, a children's bicycle with rear training wheels and attached foot steps. The Convertible revolutionised the children's bicycle market and was the first Huffy bicycle to be marketed under the Huffy brand name. In
1953, a Huffy logo was created and Huffy decided to switch all of its bicycles to the new Huffy brand name.
Popular models of the "Huffy" era include the Radio Bicycle, which sported a radio built in to the frame of the bicycle, the Dragster, the Scout, and the Sigma.
In
1970, the Huffy Corporation was founded as an umbrella company to house Huffy Bicycles as well as Huffy's emerging
sporting goods product lines.
In the
1984 and
1988 Summer Olympics,
United States athletes riding Huffy labeled bicycles combined to win 2 gold, 2 silver, and 1 bronze medals.
Huffy had a bicycle factory located in
Celina, Ohio, at one time it was Celina's largest employer. Due to global competition Huffy was forced to source bicycles from offshore therefore moving the Celina, Ohio operations elsewhere.
Crown Equipment Corporation now uses the former Huffy facility to produce forklifts.
Huffy Sports
Huffy Sports is now a division of
Russell Corporation and has moved its bicycle manufacturing to
China. Huffy bicycles were last manufactured in the U.S in
1999.
Financial problems
On
13 August 2004, Huffy announced that a review of its
financial statements had revealed accounting irregularities. As a result, the price of Huffy stock (Stock symbol: HUF) declined by 40 percent on the next
NYSE trading day. On
16 August 2004, the NYSE suspended trading of Huffy stock and announced that it was taking steps to remove Huffy as a listed stock. Finally, on
20 October 2004, Huffy announced that the Huffy Corporation and all of its United States and Canadian subsidiaries would file for
bankruptcy protection under
Chapter 11 of the
United States Bankruptcy Code.
Further Information
Get more info on 'Huffy'.
|
External Link Exchanges
Do you know how hard it is to get a link from a large encyclopaedia? Well we're different and will prove it. To get a link from us just add the following HTML to your site on a relevant page:
<a href="http://huffy.totallyexplained.com">Huffy Totally Explained</a>
Then simply click through this link from your web page. Our crawlers will verify your link, extract the title of your web page and instantly add a link back to it. If you like you can remove the words Totally Explained and embed the link in article text.
As long as your link remains in place, we'll keep our link to you right here. Please play fair - our crawlers are watching. Your site must be closely related to this one's topic. Any kind of spamming, dubious practises or removing the link will result in your link from us being dropped and, potentially, your whole site being banned. |
