By David Reed, UT EditorMalcom, Iowa-RevTek of Illinois, Inc. has bought Cyko, Inc., the in-line skate wheel company founded by ITWC, Inc in 1992. The deal, of which few details were released, includes all the production equipment utilized by Cyko; this will be moved to RevTek’s facility in McHenry, Illinois, according to a release issued 6 Feb by ITWC. The firm’s employees, running from a base of four full-time staff to 10 at peak times, will be reassigned to work at either ITWC or its second sister company, Thombert, Inc, according to Jim Jones, a spokesman for ITWC.The Cyko unit had been used as a proving ground for new systems and machinery developments and the move will allow ITWC to “concentrate more fully on its core competencies of polyurethane materials and mixing equipment production,” a 10 Feb statement from the firm said. It also “removes any conflict of interest that may have existed between ITWC and other wheel manufacturers,” said Walt Smith, president of both ITWC and the Cyko subsidiary.RevTek is best known for its in-line racing wheel technology, the statement said, while Cyko products include “hockey, recreational, aggressive and race wheels as well as wheels for kids,” the statement added. Merging the two businesses will give RevTek “a complete line of quality skate wheels with something for everyone,” the statement concluded.”
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