Liquidator agrees to buy 2,200 Reid bikes from its Canadian distributor's receiver
TORONTO (BRAIN) — Auctionmaxx, a Canadian liquidation specialist, has agreed with a court-appointed appointed receiver to acquire about 2,260 Reid bikes from Reid’s Canadian distributor, Vellend-Tech Inc. Velland-Tech entered receivership this spring after failing to make payments on a bank credit line.The purchase agreement must still be approved by a judge at a court hearing
Source: bicycleretailer.com