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Name a potential source of confusion as there were also some Raleigh built machines which bore it. Gives credence to the idea that it represents a contract build done for a chainstore...
Black Knights were European, often they have a "Made In ___" decal. There were a bunch of companies, largest being Steyr/Daimler/Puch, that made these style bikes over there. Very little is known about the smaller co.'s, like Bauer.
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