Matrix Concepts LLC and USG Ltd have acquired the assets and intellectual property of Tag Metals and Sunline Components.
Matrix Concepts, with locations in Valencia, California and Vancouver, Canada, will handle both brands for motorcycling and USG Ltd of Swansea, Wales, UK will develop the bicycle lines.
"We are very excited to acquire both of these iconic brands for the motorcycle market and integrate them into our great family of existing brands. We can't wait to develop and share our long term strategy and present our vision for the future,” said Eddie Cole, CEO of Matrix Concepts.
“The acquisition of TAG and Sunline compliments our existing brand portfolio perfectly, we’re looking forward to helping them achieve their full potential in the off-road market,” said Martin Lloyd Evans, managing director of USG Ltd.
"We are happy to have Matrix Concepts and USG Ltd embrace these great brands,” said Leonardo Pais, CEO of Bravo Sports Corp., the parent company of ONE Industries. “We are confident that the customer will continue to see innovative products under their leadership."