Play and recreation leader grows performance recreation offering through newest addition. Minneapolis, MN – September 25, 2012 – Dero Bike Racks, the market leader in bike parking and bicycle shelters for the architectural, construction, municipality, college and university markets, has been acquired by PlayCore, a leading designer, manufacturer, and marketer of a broad range of play and recreation products, and a portfolio company of Irving Place Capital. Dero will continue to offer its full innovative product line and serve its customers and partners in the most responsive manner, providing the highest quality manufacturing and innovative design in the industry. “We are very excited about being able to draw on the extensive manufacturing resources and distribution channels that PlayCore has to offer. We feel that this is a logical move to supercharge Dero’s growth and ability to provide unmatched product and service to our customers,” says Rolf Scholtz, President and founder of Dero. About PlayCore PlayCore helps build stronger communities around the world by advancing play through research, education, and partnerships.  The company infuses this learning into its complete family of brands.  PlayCore combines best in class planning and education programs with the most comprehensive array of recreation products available to create play solutions that match the unique needs of each community they serve.  Learn more at www.playcore.com. About Dero DERO Bike Rack Co. was one of the first to make functional but artistic bicycle parking racks. DERO bike racks are now shipped everywhere across North America as well as to several countries around the globe.  Learn more at www.dero.com. Contact: Mark Skoine    612.359.0689 [email protected]