Industry News

Chicago, Ill (BRAIN)—SRAM International Corporation could raise up to $300 million in an initial public offering, according to a preliminary prospectus filed today with the Securities and Exchange.

Tagged Earnings/Financial Reports

Larry Pizzi, Currie’s President, presented two IZIP Express Police Edition electric bicycles on Thursday to LAPD Deputy Chief, Terry S. Hara and Sgt. Matthew Bygum, officer in charge of the LAPD Bicycle Coordination Unit and Lieutenant Dana Berns, officer in Charge of LAPD Training Division.

CINCINNATI, Ohio (BRAIN)—Giant Bicycle general manager Elysa Walk is the inaugural guest on a new quarterly webinar featuring executive level women in the outdoor industry.

Tagged Web/Internet

MELBOURNE, Australia (BRAIN)—Australia import figures for the month of March show a continued slow trend in children’s bikes, while adult bikes remained steady, according to data released by the nonprofit Cycling Promotion Fund.

Tagged Earnings/Financial Reports

VISTA, CA (BRAIN)—Canari Cyclewear has moved its custom department into a new building in order to keep up with demand from the fast growing division.

DES MOINES, IA (BRAIN)—Don Benson, longtime leader of the Register’s Annual Great Bicycle Ride Across Iowa (RAGBRAI) died May 8 of pancreatic cancer.

He was 82.

Tagged People

On Sunday, Giant is partnering with the city of Boston to celebrate the start of Boston Bike Week.

BEAVERTON, Oregon (BRAIN)— Yakima announced a reorganization of senior management on Tuesday, eliminating the position of CEO Jerry Heinlen.

If you missed Universal Sports' special tribute to Belgian cyclist Wouter Weylandt last night, you can see it online at www.universalsports.com/cycling

TORONTO, Ontario (BRAIN)—With its pending purchase of the Forzani Group, Canadian Tire Corporation will grow to more than 1,000 retail sports outlets across the country.

Tagged Mergers & Acquisitions

AUGUSTA, Maine (BRAIN)—A bill that sought to impose a 2 percent surcharge on new bike sales in Maine was recently defeated in committee, and after being presented to the full legislature last week, was placed in legislative files as dead.

VANCOUVER, Canada (BRAIN)—With coffee mugs sitting where they left them, 12 former Race Face employees are back at their old jobs under the company’s new majority owner, Chris Tutton, who purchased Race Face from its receiver, Grant Thornton, last week.

Tagged Mergers & Acquisitions

VISTA, CA—Electra co-founder and creative director Benno Baenziger is leaving his position at the company, effective this month. He will continue as a shareholder and member of Electra’s board of directors, while exploring new ventures.

Tagged People

VANCOUVER, Canada (BRAIN)—With coffee mugs sitting where they left them, 12 former Race Face employees are back at their old jobs under the company’s new majority owner, Chris Tutton, who purchased Race Face from its receiver, Grant Thornton, last week.

Tagged Mergers & Acquisitions

WATSONVILLE, CA (BRAIN)—Sales at Fox Racing Shox hit $42.9 million through March 2011, an increase of 31 percent over last year’s sales of $32.7 million, and exceeding the company’s expectations, according to Compass Diversified Holdings first quarter report.

Tagged Earnings/Financial Reports

DENVER, CO (BRAIN)— Rudy Project North America has launched its redesigned website at www.rudyprojectusa.com.

Tagged Web/Internet

FRIEDRICHSHAFEN, Germany (BRAIN)—Research released by Eurobike shows that more than 4.1 million Germans buy a new bike every year, and nearly 70 percent of those purchases are made at one of 5,640 specialty retail stores.

CERRITOS, CA (BRAIN)—Lee Lewis has joined the inside sales department at VSI Products. VSI is the parent company of THE, Intense BMX, Speed Bicycles, Sinz & Sinz Elite, ITS, EYE BMX, AVE and Vigor, all product lines Lee will be selling to retailers across the country.

Tagged People

BOULDER, CO (BRAIN)—Bikes Belong is working with market research firm Leisure Trends Group to conduct a survey to get a better sense of Americans’ bicycling habits. The survey is being emailed out in waves to contacts acquired through Bikes Belong’s People for Bikes pledge campaign, a pool of 222,000.

Tagged Advocacy/Non-profits

VANCOUVER, British Columbia (BRAIN)—The Vancouver Bike Show will return for a second year in 2012 with up to double the floor space as the inaugural exhibition, according to Robin Harvey, who handles public relations for the show.

Tagged Tradeshows and conferences

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