Excelsior-Henderson Motorcycle

This article is about the late 1990s motorcycle manufacturer in Belle Plaine, Minnesota. For the early 20th Century motorcycle manufacturer in Chicago, see Excelsior Motor Manufacturing & Supply Company. For the English motorcycle manufacturer, see Excelsior Motor Company. For other motorcycle manufacturers named Excelsior, see Excelsior (disambiguation).

The Excelsior-Henderson Motorcycle Company was founded as Hanlon Manufacturing Company by Daniel Hanlon during early 1993 in Burnsville, Minnesota, United States. The company set as its mission to design and manufacture American-made cruiser and touring motorcycles. The company secured the motorcycle names from the past of Excelsior and Henderson previously owned by Ignatz Schwinn of the Schwinn companies, and proceeded to design and manufacture OEM proprietary motorcycles with design originality of the former Excelsior and Henderson motorcycles.

Factory

From 1997 to 1998, the company constructed a factory in Belle Plaine, Minnesota. The factory was equipped for a capacity of 10,000 motorcycles per year, and, with a few minor assembly and finishing line changes, would have had a capacity of 20,000. This factory has since been converted to the headquarters of Cambria, a company specializing in quartz surfaces.

Production

Excelsior-Henderson introduced it first production model, the Super X, in December 1998, and commenced production in early 1999. The company developed the Super X motorcycle as a new proprietary motorcycle, including a new engine, frame, and all related drive and styling components, adopting styling from the earlier Excelsior-Henderson motorcycles from the 1905-1931 timeframe.[1] The company established 140 dealers throughout the United States. The motorcycles averaged an MSRP around $18,500. Via the assembly line, the company produced for retail sale approx. 1900 motorcycles in various configurations; 1161 units in model year 1999, and 720 units in model year 2000. In total, the company produced an estimated 1950 motorcycles, which would include motorcycles produced and not designed for retail dealer sales; such as dealer promotional bikes, test prototypes and non-assembly line produced motorcycles.[2]

Market

With a waiting list for a popular Harley-Davidson model at up to two years, Excelsior-Henderson planned to capitalize on unfulfilled demand. During this same timeframe, additional companies (OEMs and after-market custom bikes) had also decided to enter the industry, with most of them later succumbing. Noteworthy are the Indian Motorcycle revivals, which invested an estimated $240 million, and the Polaris Victory motorcycle launch, which invested an estimated $200 million.

Reorganization

Excelsior-Henderson, having invested $100 million in capital over a seven-year period and nearing profitability, by late 1999 was unable to secure additional investment capital due to market conditions surrounding Y2K and the emerging internet .[3] Therefore, on December 21, 1999, Excelsior-Henderson filed for reorganization under Chapter 11, Title 11, United States Code. As an outcome of the process, certain assets of the company were sold to a Florida investment group, which later filed for reorganization and no longer exists. Production of motorcycles never commenced.[4]

Current Status

The company owns the intellectual property and continues to exist, also manufacturing OEM replacement parts, establishing authorized licensed service centers and a rider's club. There is an official Excelsior-Henderson Motorcycles website that maintains information and links about the company, motorcycles, and current activity.

References

  1. ↑ Truett, Richard (4 March 1999). "Excelsior-Henderson Super X". Orlando Sentinel.
  2. ↑ Holmstrom, Darwin (April 2002). "The Strange Saga of Exelsior-Henderson". Motorcycle Cruiser Magazine.
  3. ↑ "Exelsior-Henderson". Inc. Magazine. 1 January 2001.
  4. ↑ Wehrwein, Sven (September 2010). "Wipeout". Twin Cities Business Magazine.

External links

Official website

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