Industry News

OSAKA, Japan (BRAIN) — In the year the company celebrated its 100th anniversary, Shimano Inc.’s sales and operating income hit an all-time record, driven primarily by its business in the bike industry.

Company-wide, Shimano's sales last year were up 44.6% over 2020, while operating income was up 79.3%.

Tagged Earnings/Financial Reports

WASHINGTON (BRAIN) — A bipartisan group of U.S. senators is asking the Biden administration to establish "a more comprehensive" process to exclude some products from the current Section 301 tariffs on the import of some products from China.

Tagged Tariffs

BOULDER, Colo. (BRAIN) — Retül is updating its bike fit service with a digital, markerless body measurement system that the company said is more accurate and repeatable than other measurement methods.

Mike Kalmbach

BREMERTON, Wash. (BRAIN) — In an industry of hard workers, Mike Kalmbach was among the most industrious.

Vista Outdoor bought QuietKat last May.

ANOKA, Minn. (BRAIN) — Vista Outdoor — the parent of Bell, Giro, Blackburn, CamelBak, and now the QuietKat e-bike brand — is reporting record third-quarter sales and raised its full-year guidance.

Tagged Earnings/Financial Reports

SAN MATEO, Calif. (BRAIN) — GoPro Inc. reported fourth-quarter revenue increased 9% year-over-year, while its 2021 full-year revenue jumped 30%.

For the fourth quarter that ended Dec. 31, GoPro revenue was $391 million, compared with $358 million at the same time last year.

Tagged Earnings/Financial Reports

LOUISVILLE, Colo. (BRAIN) — The Pro's Closet has donated $43,300 in bikes and cash in support of victims of the Marshall Fire, which burned 6,026 acres and destroyed more than 900 structures in Superior and Louisville in December.

ASHEVILLE, N.C. (BRAIN) — A fraudulent website is offering products from Cane Creek Cycling Components, Wolf Tooth Components, and Whisky Parts Co. at discounted prices.

Left to right: Matthew Nims, Kobus van der Zel and Nyle Nims

AMES, Iowa (BRAIN) — Cycle Force Group, LLC has been acquired by Messingschlager GmbH, a German distributor. The sale closed on Dec. 31, 2021.

Tagged Mergers, Acquisitions & Investments
UPDATED

MORGAN HILL, Calif. (BRAIN) — Specialized Bicycle Components will begin direct online sales of bikes to U.S. consumers next week, adding a “Rider Direct” option for the purchase of non-electric bikes from its website.

AMSTERDAM (BRAIN) — Dutch e-bike brand VanMoof debuts a new campaign Wednesday with a short film featuring stop-motion puppets to demonstrate its anti-theft technology.

GARDENA, Calif. (BRAIN) — After 50 years of selling and preaching the benefits of wool cycling clothing, John Kucharik Jr. is leaving the industry.

Kucharik Bicycle Clothing will close on Thursday, 88 years after his dad, John Kucharik Sr., began the business. Kucharik Sr. died in 2008 at age 93.

Alfred Todrys.

PORT WASHINGTON, N.Y. (BRAIN) — Alfred Todrys, who launched the company that became Todson, died this month at his home here. He was 97.

VENICE BEACH, Calif. (BRAIN) — Alec Wilimovsky, Andy Lau, and Jake Durrant created Ocean and San cycling apparel to manufacture casual but functional tops sized for all body types.

And to do it all in the U.S.

Tagged DEI and Sustainability
Photo of an OCP promotion, from court filings.

DENVER (BRAIN) — Samuel J. Mancini, who was arrested last July for securities fraud and other charges related to a plan to invest in cycling companies, is close to a plea deal with prosecutors on some charges, according to court documents.

Tagged Lawsuits/legal

HAINESPORT, N.J. (BRAIN) — Margaret "Marge" A. Ronn, a long-time industry sales professional, died Jan. 8 from complications related to COVID. She was 72.

HEERENVEEN, Netherlands (BRAIN) — A consortium headed by Kohlberg Kravis Roberts & Co. reached a conditional agreement to buy the Accell Group N.V. The group, which includes Teslin Alpine Acquisition B.V., reached agreement on an all-cash offering for the shares for 1.56 billion euros ($1.76 billion).

Tagged Mergers, Acquisitions & Investments

NEW YORK (BRAIN) — A CNBC report that Peloton had paused production of its exercise bikes because of slackening demand caused the company's stock price to fall to a two-year low on Thursday.

Ellsworth will take an active role in design and development of his namesake brand after a four-year absence.
Rudi Pienaar, left, and Tony Ellsworth.

SAN DIEGO (BRAIN) — Tony Ellsworth is returning to his namesake mountain bike brand after a four-year absence to become chief development/design officer.

Tagged Mergers, Acquisitions & Investments

DETROIT (BRAIN) — Cardinal Cycling Group, a new company formed last year to acquire the TIME bicycle business from Rossignol, has acquired Detroit Bikes.

Tagged Mergers, Acquisitions & Investments

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