Founded in 1899 as Canada Cycle & Motor Co. Ltd. CCM produced bicycles for many years in the Weston area of Toronto Ontario. During the Second World War, their production line was declared an essential war service. Most CCMs were simple mass-market bicycles. The CCM Mustang was a popular children's bicycle similar to the Schwinn Orange Krate or Raleigh Chopper. In later years they attempted to produce some high end road bicycles. CCM declared bankruptcy in 1983. The CCM name was purchased by the Quebec firm,Procycle, which has purchased rights to a number of corporate names for use on different lines of bicycles. The company's hockey equipment interests were purchased by Nike.