Industry News

SANTA FE SPRINGS, Calif. (BRAIN) — Bravo Sports Corp. has hired Jeff Balaban, Kyle Brookey and Dave Davenport as it expands its product and sales management team.

Bravo Sports owns several brands in the action sports and outdoor/lifestyle segments including Pro-Tec, SixSixOne and One Industries.

Tagged People
Company retains 23 percent ownership in suspension company.

WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings sold 3.5 million shares of Fox Factory’s common stock, totaling $63 million in net proceeds. As a result, Compass’ ownership in Fox Factory Holding Corp. is reduced from 33 percent to 23 percent, or 8.6 million shares.

ASI announces the acquisition to employees Tuesday afternoon.

PHILADELPHIA (BRAIN) — Advanced Sports International has bought the nation’s largest bicycle retailer, Performance Bicycle, including its 106 stores, private-label brands Forte, Spin Doctor, Transit and Scattante, and online businesses Performancebike.com and Nashbar.com.

Tagged Mergers & Acquisitions

OGDEN, Utah (BRAIN) — Amer Sports has formed the “Cycling Anticipation Group” made up of its two cycling brands, Enve and Mavic, and named Matt Robertson to lead the initiative. Robertson previously guided the development and direction of Shimano’s mountain bike product line.

Tagged People

VENTURA, Calif. (BRAIN) — Zeitbike is now the exclusive U.S. and Canadian distributor of Classified Nutrition products. 

Tagged Distributor news

MIAMI (BRAIN) — J&B Importers has acquired Alienation, the Mill Valley, California-based BMX aftermarket and OEM component brand.

Alienation is best known for its front-specific BMX rim, and for its wheel systems using TCS  (Tubeless Compatible System), licensed from WTB.

Tagged Mergers & Acquisitions
The group is seeking a sponsor to provide free bike and cash award to the top volunteer and chapter.

BOULDER, Colo. (BRAIN) — The International Mountain Bicycling Association has come up with a new award to honor exceptional volunteers and their IMBA chapters. The new award is named for Scott "Superman Scud" Scudamore, a volunteer, activist and bike retail salesman from Virginia.

Tagged Advocacy/Non-profits

SAN JUAN CAPISTRANO, Calif. (BRAIN) — Interbike is organizing a volunteer service project to help build new singletrack trails just before its inaugural Fall CycloFest festival, which will be held in October at the U.S. National Whitewater Center, in Charlotte, North Carolina.

Tagged Advocacy/Non-profits / Interbike
The owner of Giro, Bell and CamelBak sees a 14 percent slump in earnings.

SALT LAKE CITY (BRAIN) — Vista Outdoor saw sales increase to $630 million in its second quarter, as revenue from its new acquisitions of Bell, Giro, Jimmy Styks and CamelBak kicked in.

Tagged Earnings/Financial Reports

BOSTON (BRAIN) — Vittoria Industries North America has added Catlike to its list of distributed brands. VINA will distribute Catlike helmets, shoes and glasses exclusively across the U.S.

Previously, Catlike was distributed by Hawley-Lambert.

Tagged Distributor news

TAICHUNG, Taiwan (BRAIN) — Continued turmoil in the global bicycle market has pummeled Giant Manufacturing’s first-half financial results, with the world’s leading maker of bicycles posting a 3.7 percent drop in revenue compared with a year earlier.

Tagged Earnings/Financial Reports

SAN DIEGO (BRAIN) — Stromer USA has added several independent sales reps in key territories to better service its dealers. The changes are part of a plan to grow its dealer base in response to increased demand in the U.S. for its Swiss-designed lineup of speed pedelecs, the company said. 

Tagged Electric bike / Sales Reps

COVINGTON, Ga. (BRAIN) — Duro Tire, a division of Hwa Fong Rubber Industrial Co., has hired Chris Clinton to the newly created role of product marketing manager. Clinton most recently was Challenge Tire's sales and marketing manager.

BOSTON (BRAIN) — Canadian bike brand Opus Bicycles has signed a multi-year agreement with Vittoria Industries North America making VINA its exclusive distributor for the U.S. market.

Tagged Distributor news

THOMPSON, Conn. (BRAIN) — The New England Builders’ Ball hand-built bicycle show, held in conjunction with the KMC Cross Fest, is moving this year along with the cyclocross event from Providence, Rhode Island, to Connecticut’s Thompson Speedway. The move allows both events to expand.

Tagged Events / Consumer Expos and Rides

CHATTANOOGA, Tenn. (BRAIN) — American Bicycle Group, the manufacturer of Litespeed and Quintana Roo bikes, has moved into a newly refurbished building in Chattanooga. The new building, at 40,000 square feet, provides 38 percent more space than its predecessor.

SCOTTS VALLEY, Calif. (BRAIN) — Giro Sport Design and Bell Helmets have announced a helmet trade-up program for consumers through the brands' authorized IBDs.

COSTA MESA, Calif. (BRAIN) — Professional bicycle mechanics, used bikes and e-bikes are the subjects of three all-new Super Seminars just added to the Interbike schedule by the NBDA for Thursday, Sept. 22. All Super Seminars are free of charge for Interbike attendees.

ALISO VIEJO, Calif. (BRAIN) — Highway Two has hired The Gold Agency to represent the distributor in Michigan and Northern Ohio.

Tagged Sales Reps

WATERLOO, Wis. (BRAIN) — At Trek’s annual dealer event, held last week, the company pledged to donate a dollar from every Bontrager mountain bike tire sold to the National Interscholastic Cycling Association, and the company challenged retailers to match its contribution.

Tagged Advocacy/Non-profits

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