In 1971, Karl Bacon, Ed Morgan and Walter Schulze sold Arrow Development to Rio Grande Industries. At the time, Penn Central owned Six Flags and Rio Grande had plans to build theme parks of their own, purchasing Frontier Village in 1973. In the late 1970s, Arrow began teaching Vekoma how to build tubular track in their native Holland, and in return Vekoma became Arrow's European distributor. Rio Grande sold Arrow to the German manufacturing firm Huss Maschinenfabrik in 1981. The merger formed Arrow Huss. Dana Morgan, the son of Ed Morgan, was appointed the company's president, and Ron Toomer was made vice president and manager of engineering. Dana would leave the company and form Morgan Manufacturing in 1983. Although Arrow's coasters continued to sell well, Arrow Huss struggled financially, partially due to heavily investing in the Darien Lake theme park in New York, and the 1984 Louisiana World Exposition in New Orleans. Arrow Huss filed for bankruptcy in 1985, and 13 of the company's American officers negotiated a buyout. In 1986, the takeover was approved by the courts and the company re-emerged as Arrow Dynamics. Toomer served as president until 1993, Chairman of the Board until 1995, and as a consulting director until his retirement in 1998.