Originally Posted by
Hummer
Clarification:
The book "The Political Economy of Business Bailouts Volume 2" by Michael Trebilcock, Marsha Chandler, Morley Gunderson, Paul Halpern, and Jack Quinn, gives a good account of the decline and end, in 1983, of Canadian cycle and Motor Company Ltd.
According to this book:
On 8 December 1982 CCM accepted an offer from Gestion R.A.D. Inc. for its inventories, fixed assets,
and intellectual properties. The sale to Gestion was completed on 22 January 1983.
Gestion then sold the hockey division on a going-concern basis to Sport Maska Inc.,
a Quebec-based manufacturer of athletic uniforms.
Pro Cycle Inc., also of Quebec, bought the assets of the money losing bicycle division.
The immediate plan was to use only the CCM plant assets for parts,
but it also bought the right to use the CCM name in the future.
Procycle Inc only bought the right to use the CCM trademark name.
I do not believe that Procycle Inc. ever owned the CCM trademark.
CCM branded bicycles from Procycle often had labels on them.
I believe the companies Gestion R.A.D. and Groupe Procycle Inc are owned by the same person, Raymond Dutil.
I'm well aware of the labels, the various companies owned by Dutil and their roles in the CCM sale. It is common practice to create holding companies for ownership of intellectual properties such as trademarks, then license their use to other companies, either within their corporate structure or outside.
However, most forum members are not aware of these companies and their structure, nor would the vast majority be interested. Consequently, for the sake of brevity, I used the one associated corporate entity with which most members would identify, Procycle.
Since we're clarifying matters, I would like to point your source's misuse of "Gestion" in your 2nd quote. It is being used as a proper (company) name, when it is simply the French world used for holdings (i.e. CCM Holdings = Gestion CCM). "Gestion" by itself, as used in the quote, has no meaning and could be interpreted by Anglophiles as the company name.
Also, the company name was never, as you state, "Canadian Cycle and Motor Company Ltd.". It was Canada Cycle & Motor Co., Ltd..
Furthermore, by the time of the sale in 1983, the Canada Cycle & Motor Co., Ltd. no longer existed. It's name had been legally changed to CCM, the prior year.