BRUSSELS, Belgium (BRAIN) — Tenneco Inc. has entered into a preliminary agreement to purchase the suspension business of Gruppo Marzocchi, an Italian-based worldwide leader in supplying suspension technology in the two-wheeler market.
Maverick founders Paul Turner and Frank Vogel will still be involved with future Maverick designs.
The terms of the deal, which becomes effective May 1, were kept private.
Roynat Capital now retains a significant minority interest in Cycles Lambert.
IRVINE, CA—News that Shimano snapped up Pearl Izumi from Nautilus last month caught most of the industry by surprise.
Founded in 1991, Titus Cycles—based out of Tempe—builds both mountain and road bikes. Titus designs and builds both stock and custom frames by applying aluminum, carbon fiber,
MONTREAL, Quebec—When Dorel Industries purchased Cannondale early last month the industry’s top tier became a little more crowded and competitive.
Dorel had no problem throwing down the gauntlet either.
The total value of the all-cash transaction will be $190 (U.S) to $200 (U.S) million, subject to Cannondale's earnings results for the year ending June 30, 2008.