Another one bites the dust
Ibis LLC, the maker of Ibis bicycles, filed for Chapter 7 bankruptcy on February 21 with the U.S. Bankruptcy Court’s Northern California Division. Founded by Scot Nicol in 1981, the company moved to Sonoma County in 1983, where it manufactured bikes for the next 18 years. Last year, in a bid to cut the rising cost of Northern California wages, Ibis entered into a co-production arrangement with Strong Frames of Bozeman, Montana. “As the cost of living has increased here, we decided that we cannot provide living wages any more,” Nicol told the North Bay Business Journal in 2001. “Our workers