— Advertisement —

Mad Fiber files for bankruptcy

Mad Fiber at the 2011 Seattle Bike Expo
Mad Fiber at the 2011 Seattle Bike Expo

Well, apparently being bought by an investment firm isn’t a great thing after all. Mad Fiber, which built unique high end carbon fiber racing wheels in Fremont, has filed for bankruptcy, Bicycle Retailer reports.

The company shut down in the fall, and co-founder Ric Hjertberg left after noting in a blog post, “I must confess my inability to understand why it had to happen.”

Divine Cycling Group (“DCG”), the investment group that purchased Mad Fiber in early 2013, has now begun the legal process to liquidate its assets and figure out which creditors will get some of what they are owed.


— Advertisement —

Being picked up by DCG was hailed as an opportunity for Mad Fiber to rapidly expand its production capabilities and market reach. Less than a year later, the company is dust.

I greatly enjoyed following Mad Fiber’s growth and promise, and am sad to see a Fremont-based bike wheel company go like this. I guess some other bike maker will have to take their place now.


About the author:


Related posts:

Comments

One response to “Mad Fiber files for bankruptcy”

  1. Gary

    Those guys aren’t called “Vulture Capital” for nothing. I consider funding from guys like this a last resort and ONLY if you have enough guaranteed cash flow to not need them.

— Advertisement —

Join the Seattle Bike Blog Supporters

As a supporter, you help power independent bike news in the Seattle area. Please consider supporting the site financially starting at $5 per month:


Latest stories

Bike Events Calendar

Mar
19
Tue
6:00 pm South Seattle Safe Streets Coali… @ Virtual via Zoom
South Seattle Safe Streets Coali… @ Virtual via Zoom
Mar 19 @ 6:00 pm – 7:30 pm
Joint meeting between Rainier Valley Greenways & Beacon Hill Safe Streets.ShareMastodonTwitterFacebookRedditEmail
Mar
21
Thu
7:15 pm Point83 @ Westlake Park
Point83 @ Westlake Park
Mar 21 @ 7:15 pm
Point83 @ Westlake Park
Meet up in the center of the park at 7ish. Leave at 730. Every Thursday from now until forever rain or shine. Bikes, beers, illegal firepits, nachos, bottlerockets, timetraveling, lollygagging, mechanicals, good times.ShareMastodonTwitterFacebookRedditEmail
Mar
23
Sat
11:00 am Sharing Wheels Bike Parking Lot … @ Sharing Wheels Community Bike Shop
Sharing Wheels Bike Parking Lot … @ Sharing Wheels Community Bike Shop
Mar 23 @ 11:00 am – 3:00 pm
Sharing Wheels Bike Parking Lot Sale @ Sharing Wheels Community Bike Shop | Everett | Washington | United States
Sharing Wheels will have completely cleaned and refurbished bikes, As-Is bikes, parts and accessories at our spring Parking Lot Sale! All road bikes will be 50%. All other bikes are 20% off. We have mountain,[…]
Mar
25
Mon
5:30 pm Downtown Greenways monthly meeting
Downtown Greenways monthly meeting
Mar 25 @ 5:30 pm – 7:00 pm
Last Monday of the month.  Join us! https://seattlegreenways.org/downtowngreenwaysShareMastodonTwitterFacebookRedditEmail
Mar
27
Wed
6:00 pm Ballard-Fremont Greenways Meeting
Ballard-Fremont Greenways Meeting
Mar 27 @ 6:00 pm – 7:30 pm
Ballard-Fremont Greenways meets monthly on the 4th Wednesday of the month. Join the google group for monthly meeting information: https://groups.google.com/g/ballard-greenwaysBring your enthusiasm and ideas to share with the group or just stop in to say hello[…]
— Advertisements —

Latest on Mastodon

Loading Mastodon feed…