March 12/11 9:51 am - RaceFace to Close?
Posted by Editoress on 03/12/11
There has been no official word yet, but numerous web reports suggest that Canadian component manufacturer RaceFace is in the process of shutting its doors.
The 18 year old company is a spin-off of Rocky Mountain Bicycles, that was originally known for its distinctive crank design. The company also produces stems, handlebars, seatposts, bottom brackets and headsets. In recent years it has been spec'd as OE (Original Equipment) on a decreasing number of bike brands.
One employee posted on the forum Ridemonkey.com: "...but we've been told the company is going to be liquidated, and 90% of us are unemployed as of next week. They'll keep a few people on to assist with the liquidation.
My tenure with the company has been short, but it's been a fun ride. Thanks to all the great athletes, customers, and media folks I've had the opportunity to work with. Thanks also to the amazing group of coworkers I have out here..."
Tyler Morland, MTB Media Manager at SRAM, also tweeted: "Rumour has it that Race Face shut its doors yesterday"