FREEPORT, Maine (BRAIN) —The Carrabassett Region chapter of the New England Mountain Bike Association has received a $50,000 grant from LL Bean's Charitable Giving for Conservation and Outdoor Recreation.
WESTPORT, Conn. (BRAIN) — Compass Diversified Holdings has agreed to sell CamelBak Products LLC to Vista Outdoor Inc. for about $412.5 million.
BAULKHAM HILLS, Australia (BRAIN) — Trent Fitzgibbins, one of the co-founders of the Australian distributor JetBlack Products, has sold his share in the company to co-founder Tony Simmonds and plans to take "a lesser role in the company."
HEERENVEEN, the Netherlands (BRAIN) — Accell Group N.V. noted that operating profit in the first half of the year was up 29 percent to $53.8 million (€49.1 million), while net profit was up 21 percent to $34.9 million (€31.9 million).
WILTON, Conn. (BRAIN) — Nick Hage, who started with Cannondale in 2010 in sales operations, was recently promoted to the role of vice president, sales and operations for Cycling Sports Group's Cannondale brand.
ENCINITAS, Calif. (BRAIN) — A startup cycling clothing company is benefitting from its own California-based factory, which produces custom and inline items for its Eliel road bike clothing and Wattie Ink triathlon clothing.
BERKELEY, Calif. (BRAIN) — GU Energy Labs has named Blair Clark as its president and COO.
BERKELEY, Calif. (BRAIN) — The National Interscholastic Cycling Association and Pinkbike have announced their media partnership for the 2015 and 2016 season.
SEYMOUR, Conn. (BRAIN) — Thule Group is reporting a net sales increase of 20 percent in its second quarter, a result helped by favorable currency fluctuations. In currency neutral figures, the Sweden-based company saw a 6.4 percent sales increase in the quarter, which ended June 30.
SAN FRANCISCO (BRAIN) — Ass Savers, the Swedish maker of lightweight rear fenders, is sponsoring USA Cycling for the 2015 season and will provide Team USAC members with customized fenders.
HAYWARD, Calif. (BRAIN) — After an approximately four-year hiatus, Bianchi USA is once again offering mountain bikes here.
KENT, Wash. (BRAIN) — Raleigh Bicycles is sponsoring the National Bicycle Dealers Association's "America's Best Bike Shops" program for 2015. The program highlights and promotes bicycle retailers that provide the industry with the best customer support, knowledge, operational excellence, and bicycle advocacy.
SAN FRANCISCO (BRAIN) — Chrome Industries was established in Boulder, Colo., in 1995, but is now based in San Francisco. The bag company is returning to its roots with the opening of a new store in Denver in its 20th anniversary year.
SAN CARLOS, Calif. (BRAIN) — Beeline Bikes has closed a $2.6 million Series A financing round led by Backcountry.com, owner of Competitive Cyclist, that will be used to expand the Bay Area company's fleet of mobile bike shops across the U.S. using a franchise model.
DENVER (BRAIN) — High end framebuilder Alchemy Bicycles is expanding beyond its road and 'cross offerings with a carbon hardtail mountain bike that it is now shipping, and plans to expand its mountain bike offerings in part by working with David Earle's Sotto Group.
PHILADELPHIA (BRAIN) — Industry veteran George Simone has joined Advanced Sports International in the newly created role of vice president of global business development. Simone is charged with developing short- and long-term growth plans for ASI.
SAN MATEO, Calif. (BRAIN) — GoPro, Inc. revenue hit $420 million in its second quarter, which ended June 30, a 72 percent increase year over year.
GoPro's founder and CEO, Nicholas Woodman, noted the company's "aggressive pace of innovation."