The Saris Group has been purchased by C+A Global at a bankruptcy auction.
Saris produces bike racks, bike trainers, bike storage racks and more but after issues with ordering during the pandemic it could not find a solution for financial issues and had to file for bankruptcy. C+A Global, a manufacturer and online retailer of consumer products and electronics, has now purchased the brand and adds to its list of other companies like Zink Technologies and its ZINK Zero-Ink photo paper.Previously, Saris announced
it was restructuring to prepare for sale using Wisconsin's Chapter 128, a voluntary debt consolidation program run by the state's circuit court system. At the time, Founder Chris Fortune said the company struggled with excess inventory after a boom during the pandemic.