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Huffy Service Solutions history
Huffy Service Solutions company history timeline
Stuart Northrup, a former Singer Sewing Machine executive, replaced Smith as president in 1972.
By 1973 Huffman employed 2,500 workers at five locations.
The Outdoor Power Equipment division, which had been struggling for years in the lawnmower market, was finally sold in 1975.
“Motocross, New Type Bicycle Puts Huffman Mfg. in High Gear,” Barren’s, August 23, 1976.
Part of this effort included the decision, in 1977, to change the company name to Huffy Corporation.
The popularity of the Thunder Trail bike made Huffman was the number one producer of bicycles in the United States by 1977 and all of the laid-off workers were called back.
A licensing, sales, and manufacturing agreement with Raleigh Cycle was also cemented in 1982, giving the company the opportunity to tap the high-specification bike market.
Washington Inventory Service, a nationwide inventory taking service, was acquired in 1988.
In 1990, Huffy acquired Black & Decker's stake in True Temper Hardware and capital stock in True Temper Ltd. in Ireland for $55 million.
Another $15 million was earmarked to improve computer-generated manufacturing in the bike plant by 1991.
The company introduced a cross-trainer bike in 1992 that represented a hybrid of a road bike and mountain bike, but following an expensive promotion campaign, sales of the crosstrainer were lackluster.
As these transactions were being completed, the company entered a new segment in the bike market, introducing the first Huffy bike motocross, or BMX, model in 1997.
In 1997 the company acquired Royce Union Bicycle Company, a manufacturer of high-end bicycles.
"huffy corporation announces new bicycle manufacturing plan to confront fierce asian competition." pr newswire, 28 may 1998.
In February 1999, Huffy sold its garden tools and wheelbarrow business to United States Industries, Inc. for $100 million, stripping the company of $123 million in sales.
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Huffy Service Solutions may also be known as or be related to Huffy Service Solutions and Huffy Service Solutions Inc.