Huffy plans auction of patents and trademarks for hockey, in-line skates

By Jeff Pines

Washington, Nov. 24 - Huffy Corp. said it wants to hold a court-approved auction for the sale of its intangible assets and patents used in its hockey equipment business under the Hespeler brand and its in-line skates and action businesses under the name Rage, Dukes, Skate Attack and Ultra Wheels.

The stalking horse bidder, The Forzani Group Ltd., is offering $1.615 million. Competing bids are due by Dec. 8 with the auction to be held on Dec. 10 in Cincinnati.

A hearing to approve the sale is scheduled with the U.S. Bankruptcy Court for the Southern District of Ohio for Dec. 14.

Huffy, based in Miamisburg, Ohio, has also received offers of $840,000 for its snowboard inventory, $240,000 for its in-line skate inventory and $42,800 for its skateboards.

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