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Mergers/Acquisitions

Posted April 23, 2014
Chris Tutton

SCOTTS VALLEY, Calif. (BRAIN) — Chris Tutton, the new owner of the Easton cycling business, says that under his ownership the brand will get back to its roots as a scrappy, entrepreneurial business.

Posted in North America Tagged Mergers/Acquisitions
Posted April 23, 2014

SCOTTS VALLEY, Calif. (BRAIN) — Say goodbye to those public quarterly earnings reports and investor conference calls from Easton-Bell Sports. The termination of those reports is just one of the several changes resulting from the company's sell-off of its Easton-branded businesses.

Posted in North America Tagged Mergers/Acquisitions / Earnings/Financial Reports
Posted April 21, 2014
Updated

SCOTTS VALLEY, Calif. (BRAIN) — BRG Sports Inc. has agreed to sell its Easton cycling business to Chris Tutton, an industry veteran who owns Race Face Performance Products and is a former Easton OEM sales manager.

Posted in North America Tagged Mergers/Acquisitions
Posted February 13, 2014
Company to be renamed BRG Sports

VAN NUYS, Calif. (BRAIN) — Easton-Bell Sports, Inc. has agreed to sell its Easton baseball and softball business to Bauer Sports for $330 million, the company announced Thursday. It also said it is close to selling its Easton hockey business to "a third party."

Posted in North America Tagged Mergers/Acquisitions
Posted February 5, 2014

VEVEY, Switzerland (BRAIN) — The iconic brand PowerBar has a new owner—Post Holdings, the maker of Grape-Nuts, Post Raisin Brand, Honey Bunches of Oats and other foodstuffs.  Nestle SA sold the brand, along with its Australian sport nutrition company, Musashi, to Post. Nestle made the announcement Monday.

Posted in Industry News Tagged Mergers/Acquisitions
Posted January 31, 2014
Skip Hess

VISTA, Calif. (BRAIN) — Twenty-five days after Trek announced its purchase of Electra, Skip Hess, who led the brand’s development for almost five years, stepped down Friday telling Electra’s staff his decision to leave is effective immediately.

Posted in North America Tagged People / Mergers/Acquisitions
Posted January 21, 2014

BURNABY, British Columbia (BRAIN) — Dorel Industries' Sugoi Performance Apparel has acquired the mountain bike and lifestyle apparel brand Sombrio.

Posted in North America Tagged Mergers/Acquisitions
Posted January 20, 2014

WILMINGTON, Del. (BRAIN) — Blue Competition Cycles, which has been off the market for nearly two years, has been sold; the new owners and management say it will begin shipping 2014 model bikes this month.

Posted in North America Tagged Mergers/Acquisitions
Posted January 6, 2014
UPDATED

WATERLOO, WI (BRAIN) — Trek Bicycle announced that it has acquired Electra Bicycle Company. In a press release issued Monday morning, Trek said the move “provides Electra with business and logistical support as well as distribution assets that will ensure the growth of the brand.”

Posted in North America Tagged Mergers/Acquisitions
Posted December 23, 2013

CARREGOSA, Portugal (BRAIN) — Polisport Group has acquired the Dutch baby seat maker Bobike, the companies announced Monday.

Posted in International Tagged Mergers/Acquisitions
Posted December 20, 2013

SAN JUAN CAPISTRANO, CA (BRAIN) — Emerald Expositions, owner of Interbike, Outdoor Retailer and Bicycle Retailer & Industry News, has acquired GLM Markets and one of its trade shows, Surf Expo, for $335 million.

Posted in International Tagged Mergers/Acquisitions / Tradeshows and conferences
Posted December 5, 2013

PARK CITY, UT (BRAIN) — Backcountry has purchased Bergfreunde.de, an outdoor equipment e-commerce retailer that serves Germany, Austria and Switzerland. Backcountry, which owns CompetitiveCyclist.com, said the purchase marks its entry into the European market.

Posted in Retail News Tagged Web/Internet / Mergers/Acquisitions
Posted November 15, 2013

PAAL-BERINGEN, Belgium (BRAIN) — Ridley co-owner and CEO Jochim Aerts and an investment group have bought out the Kumpen family's share of the Belgium bike brand.

Posted in International Tagged Mergers/Acquisitions
Posted November 14, 2013

BALTIMORE, MD (BRAIN) — Sports clothing brand Under Armour has paid $150 million for MapMyFitness, the digital fitness mapping company that claims to have more than 20 million registered users. 

Posted in Industry News Tagged Mergers/Acquisitions
Posted November 7, 2013

SCOTTS VALLEY, CA (BRAIN) — Fox has completed the acquisition of its German distributor and service center, Toxoholics GmbH, for $2.3 million, the company told investors on an earnings call Wednesday. 

Posted in International Tagged Mergers/Acquisitions
Posted October 22, 2013

MONTREAL, Quebec (BRAIN) — Dorel announced Tuesday that its Cannondale brand acquired a majority ownership of the Cannondale Pro Cycling team and Brixia Sports and that it had ended discussions with Tinkoff Credit Systems.

Posted in North America Tagged Mergers/Acquisitions / Competition
Posted October 22, 2013

SAN MATEO, CA (BRAIN) — Action camera giant GoPro has acquired website and software developer General Things, Inc.

Posted in North America Tagged Mergers/Acquisitions
Posted October 15, 2013

BOULDER, CO (BRAIN) — The NPD Group has agreed to buy Leisure Trends Group, a Boulder-based market research company that tracks retail and wholesale sales and inventory figures in the bike industry.

Posted in North America Tagged Mergers/Acquisitions
Posted September 17, 2013

LAS VEGAS, NV (BRAIN) — As Interbike opens Wednesday, Jamis is releasing the news that it has bought the cruiser brand Nirve Sport.

Posted in Industry News Tagged Mergers/Acquisitions / Interbike
Posted September 17, 2013

Editor's note: This article has been edited to clarify that LeMond LLC has not acquired LeMond LLC, but had become the exclusive distributor of Time frames and bikes, as well as a non-exclusive distributor of Time pedals.

Posted in Industry News Tagged Mergers/Acquisitions / Interbike

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