Industry News

CORONA, Calif. (BRAIN) — Troy Lee Designs has hired Dutch Schultz as chief operating officer. Schultz had been serving as an executive consultant to TLD, guiding the organization with process improvement initiatives and operational execution to support the brand's growth.

OAKLAND, Calif. (BRAIN) — Hydration product maker HydraPak has acquired insulated bottle brand Polar Bottle.

Tagged Mergers & Acquisitions

IRVINE, Calif. (BRAIN) — Watteam, which has sold some of the least expensive power meter cranks on the market since 2014, announced Friday that it is suspending production of its latest-generation product line and looking for strategic partners that can make use of its technology.

PeopleForBikes Foundation and Coalition revenues in recent years.

BOULDER, Colo. (BRAIN) — If ever the industry's nonprofits were in the spotlight, it was in 2018.

Tagged Tariffs / Advocacy/Non-profits / From the Magazine

DEARBORN, Mich. (BRAIN) — Axios is reporting, based on multiple unnamed sources, that Ford Motor Co. has agreed to buy the electric scooter startup Spin.

Tagged Bikeshare / Electric bike / Mergers & Acquisitions
In twist, Nothstein could still go to Congress, briefly.
PHILADELPHIA (BRAIN) — In two U.S. House races of interest to the bike industry — oddly, both in Pennsylvania — Democrat Madeleine Dean won the race in the state's 4th District, while Republican Marty Nothstein lost his race to represent the state's 7th District, although there's still a chance he could serve the remainder of the term of Rep. Charlie Dent, who resigned a seat earlier this year.

(Sausalito, CA - November 6, 2018) TRUE Communications, a leader in public relations, social media, influencer relations and content creation for active outdoor brands, announced today that
Elizabeth Pecknold has joined the agency as Director of Business Development and Marketing.

DENVER (BRAIN) — Paul Craig, the co-founder and president of Rudy Project North America, is leaving the company to spend more time with his family and pursue several philanthropic interests.

GOLDEN, Colo. (BRAIN) — Following a pilot program begun in February, land managers in Colorado's Jefferson County (Jeffco) Open Space have made Class 1 e-bikes permanently legal on all trails where traditional bikes are allowed — including about 180 miles of natural-surface trails.

Tagged Electric bike

MONTRÉAL (BRAIN) — Dorel Industries announced Friday that revenue in its sports division, which includes the company's portfolio of mass and IBD bike brands, rose 6.6 percent in the third quarter, to $219.1 million from $205.5 in the same period a year earlier.

Tagged Earnings/Financial Reports

NEW YORK (BRAIN) — General Motors has announced plans to sell two e-bike models next year. 

Tagged Electric bike

BENTONVILLE, Ark. (BRAIN) — Organizers of a new electric bike festival coming to the cycling destination of Bentonville next year hope to bring together thought leaders both inside and outside the industry to address the industry’s challenges and spur new innovation, with e-bikes as a key element in jump-starting market growth.

Tagged Electric bike / Consumer Expos and Rides

REYNOLDSBURG, Ohio (BRAIN) — Kenda Tire has promoted Sam Jones to North American aftermarket sales manager. Jones, who currently manages sales for Kenda’s wheelchair division, will now add B2B bicycle aftermarket sales and B2C digital sales to his responsibilities.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory, which is moving its corporate headquarters to Georgia, shared more details about relocation plans for some of its bike-related operations.

SAN JUAN CAPISTRANO, Calif. (BRAIN) — David Loechner has resigned from Emerald Expositions Events, where he has been president and CEO since 2013. Emerald is the owner of the Interbike and the Outdoor Retailer trade shows.

Tagged Earnings/Financial Reports / Interbike
Some of Vista's brands.

FARMINGTON, Utah (BRAIN) — Vista Outdoor announced Thursday that its fiscal second-quarter sales were solid at $547 million, with flat sales in its action sports division. The company indicated it was in no rush to sell its bike brands, which include Bell, Giro and Blackburn.

Tagged Earnings/Financial Reports

ROTORUA, New Zealand (BRAIN) — Goodyear Bicycle Tires has signed Wide Open as its New Zealand distributor. Rotorua-based Wide Open will execute Goodyear's marketing efforts in its territories.

TAIPEI, Taiwan (BRAIN) — E-bikes and their future in the global marketplace is dominating most discussions at Taipei Cycle as suppliers and government officials look to the future.

Tagged Electric bike / Taipei Cycle Show

TORONTO, Ontario, and SANTA CRUZ, Calif. (BRAIN) — Cervélo has undergone a restructuring, with new resources dedicated to the Santa Cruz, California, office of parent Pon Holdings.

The company also announced record sales and plans to move its bike distribution, sales and service to Reno, Nevada.

SCOTTS VALLEY, Calif. (BRAIN) — Fox Factory announced Wednesday that it plans to relocate its corporate headquarters from California to it existing offices in Georgia by the end of this year.

Tagged Earnings/Financial Reports

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