According to a statement released by Cape Cycle Systems, American Classic have notified them that the international brand has filed for voluntary closure.
The statement from Cape Cycle Systems:
To our IBD’s, retailers and loyal customers
Cape Cycle Systems has received a cease trade notification from American Classic dated 31 December 2017. The Company American Classic may be up for sale but this we can’t substantiate. All Warranty issues will be honoured and we do have stock for sale.