Lehman Trikes has a new owner. After dealing with economic turmoil, the loss of the Harley Davidson business and the passing of owner, John Lehman, Lehman Trikes may be on the road again.
Press release follows:
Today Champion Trikes, via its sister company Champion Investments, Inc., a South Dakota Corporation, announced the resumption of Lehman Trikes, USA operations. Lehman Trikes USA, considered one of the trike industry’s foremost leaders and well known for its high quality and reliable products, had suspended its operations in early March of this year, while in search of a qualified investor.
Craig L. Arrojo, CEO of Champion Investments Inc. and Champion Trikes stated, “We are extremely proud and excited to announce the acquisition of Lehman Trikes USA and have them join the Champion family of motorcycle related companies. They are an exceptional organization, firmly grounded in high quality products and exceptional customer service. Their
ISO 9001:2008 speaks to their commitment.” Continuing, Mr. Arrojo stated, “Lehman Trikes USA was a fundamentally sound company, with a rich heritage. A combination of factors led to their cessation of operations. The early discontinuation of the Harley-Davidson services contract, along with a challenging economic environment and delays in new contracts were all ingredients. Lehman and Champion Trikes, in team, will enrich both companies and improve our mutual performance.”
Champion Investments, Inc., doing business as (dba) Lehman Trikes USA, operations will resume at the Spearfish, South Dakota, facilities. Financial resources are in place and the first order of business will be providing service parts with a phased-in return to full operations as vendors and personnel staffing are reestablished.
Thanks for the heads up, Carl!
Link: Lehman Trikes
Link: Champion Trikes