Avanti bike founders cut remaining ties with the business, selling to Scott Sports

Tue, 24 Apr 2018

By Tina Morrison April 24 (BusinessDesk) - The Struthers family, which founded the Avanti bicycle brand and built Sheppard Industries into the largest cycling company in Australasia, has cut its final ties to the business, selling its remaining shareholding to a Switzerland-based company, Scott Sports. The family sold most of its shareholding in the business to Scott Sports in 2015, and exited its remaining holding in December for an undisclosed sum. Kim Struthers, the son of founder John Struthers, stepped down as New Zealand country man...

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