Industry News

TUCSON, AZ (BRAIN)—Genuine Innovations is now a part of Illinois Tool Works (ITW), which runs 840 businesses in 57 countries and is one of the nation’s largest companies.

Tagged Mergers & Acquisitions

COSTA MESA, CA (BRAIN)—The National Bicycle Dealers Association is hosting a free webinar for its members led by industry consultant Jay Townley on Thursday.

Tagged Events

BOULDER, CO; PORTLAND, OR; NORTHFIELD, VT (BRAIN)—Product Architects, maker of the Polar insulated water bottle, has expanded its sales and accounting staff with the hire of Mike Goldberg as sales associate and Montana Marsden as accounting manager. The company now employs 34 full-time staff.

NEW YORK CITY, NY (BRAIN)—Bike New York has announced plans to launch a new bike expo in New York City next May 3-5, just prior to the 2012 TD Bank Five Boro Bike Tour.

Tagged Tradeshows and conferences

WESTPORT, CT (BRAIN)—Compass Diversified Holdings posted growth through the third quarter for Fox Racing Shox and CamelBak, according to an earnings report it filed Tuesday. Compass is parent company of both brands.

Tagged Earnings/Financial Reports

MORGAN HILL, CA (BRAIN)—After close to 15 years with Specialized Bicycle Components, John “JT” Thompson has resigned from his position as director of U.S. sales, according to an email that went out to dealers Monday evening.

Tagged People

POMONA, CA (BRAIN)—Fresh off its debut event, the Recumbent Cycle-Con Convention & Tradeshow has scheduled its second edition for Oct. 26-28, 2012, at Southern California’s Pomona Fairplex.

Tagged Consumer Expos and Rides

WINDSOR, CO (BRAIN)—Jett is trading its old digs in downtown Fort Collins, Colorado, for a new 3,000-square-foot office and warehouse space just down the road in Windsor. The company supplies Jett mountain bike apparel and Declare custom apparel.

GRAND RAPIDS, MI (BRAIN)—Tom and John Black, brothers and partners in Velocity Rims, will begin manufacturing in Jacksonville, Florida, in February 2012. Velocity’s current production facility in Brisbane, Australia, will cease operations by the end of this month.

LAGUNA HILLS, CA (BRAIN)—Bicycle Retailer and Industry News has hired Steve Frothingham as web editor. He starts Dec. 1.

Frothingham is currently editor of VeloNews.com. His last day with Competitor Group, Inc., owner of the news website and Velo magazine, is Nov. 18.

Tagged BRAIN News

TAORMINA, Sicily (BRAIN)—Campagnolo capped 20 years of research, development and engineering Monday with the unveiling of its long awaited 11-speed electronic drivetrain during a media launch in Taormina, a seaside village in the shadow of Sicily’s towering Mt. Etna.

PORTLAND, OR (BRAIN)—Chris King Precision Components announced a partnership with Saddleback to distribute its sealed hub sets in the UK market.

Tagged Distributor news

CENTERVILLE, OH (BRAIN)—Consumer-direct brand Airborne Bicycles announced that 2012 pricing will be below 2011 pricing, yet with no reduction in spec, according to the company.

BOULDER, CO (BRAIN)—Bikes Belong and the SRAM Cycling Fund are teaming up on a new campaign to fast-track the installation of safe bike facilities in U.S. cities.

Tagged Advocacy/Non-profits

ELKTON, MD (BRAIN)—Gore Ride On Cable Systems has changed its distribution model in the U.S., adding Quality Bicycle Products, Trek, Giant, BTI, Hawley, Security and Downeast as distributors. Previously, the company sold its products directly to dealers via Gore Direct Sales.

Tagged Distributor news

SAN CLEMENTE, CA (BRAIN)—SRAM public relations manager Morgan Meredith has left the parts giant to become publisher of Bike and Paved magazines. He starts Wednesday, Nov. 9.

Tagged Media/Publishing

DAVIS, CA (BRAIN)—A weekend of festivities kicked off tonight and will continue all day Saturday as four legends of the sport are inducted into the U.S. Bicycling Hall of Fame. The HOF also celebrates its 25th anniversary.

Tagged Consumer Expos and Rides

HILDEBRAN, NC; MONTREAL, Quebec (BRAIN)—Gene DiMenna has joined DeFeet International as its national sales manager. DiMenna spent several years leading segments of Trek Bicycle’s sales territories.

Tagged People

SANTA CRUZ, CA (BRAIN)—X-Fusion may have gotten the heave-ho from its digs in Santa Cruz, California, after only a year there, but the company seems to be making the best of the situation.

MONTREAL (BRAIN)—Specialty brands led the way to a 21.6 percent third quarter sales increase in Dorel Industries’ bike division, according to figures released by the company Thursday.

Tagged Earnings/Financial Reports

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