In June 1988, the Murray Ohio Manufacturing Company was acquired by the British investment group Tomkins plc. In 1996, Murray Inc., the last major U.S. bicycle producers with Huffy Bicycle and Roadmaster (formerly AMF), received a major blow when U.S. courts ruled that imports from China were not a 'material threat' to U.S. companies.[4] Within three years, Huffy, Roadmaster and Murray ceased manufacture of bicycles in the United States.

In 1998, Murray moved bicycle production from Lawrenceburg to a non-union factory in Mississippi. Production of all U.S.-made bicycles halted in 1999. In 2000, the Murray brand was acquired by Pacific Cycle, a U.S. distributor of bicycles produced in Taiwan and the People's Republic of China. Murray has since been used as a brand for imported Chinese bicycles sold by Pacific Cycle. Pacific Cycle was later acquired by Dorel Industries.