Six business units, including Tucker Powersports and J&P Cycles, will become stand-alone businesses.
Motorsport Aftermarket Group announced the hiring of Hugh Charvat as Chief Executive Officer, effective immediately.
Motorsport Aftermarket Group named Mike Buettner interim CEO of MAG and Bob Peiser as Chairman of the MAG Board of Directors.
As part of this sale, MAG has entered into a multi-year distribution agreement that will continue the strong brand sales through industry leading distribution.
Motorsport Aftermarket Group announced that Rob Ramlose has been promoted to director of brands where he will oversee product and marketing teams for all brands in the portfolio including, Roland Sands Design Apparel, Answer Racing, Speed & Strength, Firstgear and Black Brand.
The company expects to move through the process quickly, and emerge in the first quarter 2018 as a stronger, better capitalized and competitive company.