Iron Horse Bicycles $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. Iron Horse Bicycles Iron Horse Bicycles was a manufacturer of bicycles, in Islandia, New York, United States from 1987 to 2009. Its logo was a prancing horse on a mustard-color crest similar to the Ferrari logo. Iron Horse sold racing bikes and mountain bikes, but mainly downhill, freeride, and all mountain. Iron Horse riders included Dave Cullinan, Kim Sonier, Penny Davidson, Toby Henderson, Leigh Donovan, Pete Loncarevich and Sam Hill. Cullinan won
Horse Racing Ireland Horseracing Authority, the 1994 successor to the Racing Board founded in 1945. In addition to fulfilling regulatory and promotional functions, Horse Racing Ireland owns Fairyhouse, Leopardstown, Navan and Tipperary racecourses. The group's current chairperson is Mr Joe Keeling and its CEO Mr Brian Kavanagh. The industry still contributes significantly to the Irish economy. Bloodstock sales, Tote betting and racecourse attendances produced significant growth in 2011, figures issued by Horse Racing Ireland (HRI) show. This marks a positive upturn for the industry which had suffered severe contraction since 2007 across almost all areas. In 2004 this contribution was estimated to be