Ural seeks investors for business expansion
December 4, 2007
Filed under Features
IMZ-Ural Group Inc., the Washington-based owner of the Ural motorcycle sidecar brand, has retained Hardcard Holdings LLC to consult and introduce potential investors from the powersports industry to the company, IMZ-Ural Group said in a statement Nov. 30.
Ural, which underwent a management buyout in 2003, has more than doubled worldwide unit sales, reduced operating expenses and improved quality since its restructuring, the company reported. Ural is investing in quality improvements and upgrading key components. Currently, Ural product demand is outpacing the company’s supply resources.