Iron Horse filed for bankruptcy in early 2009. It owed US $5 million to creditors and patent holders.Dorel Industries acquired Iron Horse for US $5.2 million on 15 July 2009, having already acquired GT, Cannondale, Schwinn and Mongoose.
^ abNicole Formosa, Chris Dannen (2009-07-14). "Dorel Buys Iron Horse". Bicycle Retailer & Industry News. Retrieved 2012-07-01. Dorel Industries purchased Iron Horse Bicycle Company for $5.2 million in an auction Monday in federal bankruptcy court. The deal is scheduled to close on Wednesday. Dorel owns Pacific Cycle, along with Cannondale, GT, Mongoose and Schwinn brands.