Industry News

AIMERE, Netherlands (BRAIN) — Pon Holdings has purchased 338,121 ordinary shares in Accell Group N.V., giving it a total of 5,332,769 ordinary shares, representing 20 percent of the company's shares. 

BENTONVILLE, Ark. (BRAIN) — Attendees of the 2016 IMBA World Summit who returned to Northwest Arkansas this October for the advocacy group's Dirty 30 anniversary celebration had a nice surprise waiting for them: more than a hundred miles of new trails that weren't around when they visited just two years earlier.

It doesn't take a CPA to figure out the rate of growth.

E-bike sales up 46 percent year to date.

BOULDER, Colo. (BRAIN) — U.S. wholesalers sold 7 percent fewer bikes through the first 10 months of 2018 compared with the same period last year. But the dollar value of those bikes was up nearly 6 percent, reflecting a higher average cost per bike.

WASHINGTON, Missouri (BRAIN) — A new center that will provide a number of services for light electric vehicles, including e-bikes, is slated to open next week just outside of St. Louis.

Tagged Electric bike
2018 grant winner Front Yard Bikes.

ST. PAUL, Minn. (BRAIN) — For the fourth consecutive year, Park Tool is accepting applications for its Community Grant Tool Program, which is designed to help local nonprofit cycling organizations worldwide get the tools and repair products they need.

BOULDER, Colo. (BRAIN) — The Bicycle Product Suppliers Association and PeopleForBikes are collecting data from the industry as the groups prepare to apply for exemptions from the 25 percent tariffs on Chinese-made e-bikes and e-bike motors imposed in August.

Tagged Trade/tariffs

LAKE FOREST, Ill. (BRAIN) — Tenneco Inc., a publicly traded U.S. automotive company with annual sales over $9 billion, has agreed to buy Öhlins, a Swedish suspension company that offers some bicycle products in addition to suspension for the motorsports industry.

Tagged Mergers & Acquisitions

OREFIELD, Pa. (BRAIN) — Olympic cycling medalist Marty Nothstein has conceded defeat in a special election being held to fill a vacant U.S. House seat. 

Store closings expected. CEO says ASI brands, including Fuji, SE, Kestrel and Breezer, "will survive."

CHAPEL HILL, N.C. (BRAIN) — Advanced Sport Enterprises, the 2-year-old company that is parent to the Performance Bicycle retail chain, Bike Nashbar and distributor ASI, filed for Chapter 11 bankruptcy protection Friday morning.

Tagged ASE Bankruptcy

LAGUNA BEACH, Calif. (BRAIN) — Crankbrothers has hired Megan Tompkins as its new global marketing director.

SQUAMISH, British Columbia (BRAIN) —  7mesh Apparel has appointed John Zopfi to the newly created position of general manager EMEA (Europe, Middle East, Africa). He has more than two decades of experience in the outdoor apparel business.

Cervelo's display at Interbike in 2017.

AIMERE, Netherlands (BRAIN) — Pon Holdings, the parent company of bike brands including Santa Cruz and Cervélo, is making another bid to acquire a minority stake in Accell Group, the parent company of bike brands including Raleigh, Haibike and Diamondback.

Cambodia is the third largest supplier to the U.S., but growing fast.

TAIPEI, Taiwan (BRAIN) — Cambodia, already the biggest bicycle supplier to the EU, is making up ground in the U.S. market as well due to the recent tariffs imposed by the Trump administration.

Tagged Trade/tariffs / Taipei Cycle Show

COLORADO SPRINGS, Colo. (BRAIN) — On Monday, Nov. 11,  USA Cycling said it will partner with five military support organizations to provide free memberships to veterans, active military and their families in honor of Veterans Day.

RED WING, Minn. (BRAIN) — Industry companies in the Upper Midwest are lending their support to a local community college's new engineering program focused on the design and fabrication of bicycles and their components.

UPDATED. Giant Bicycles evacuated Thursday as the Hill Fire erupted amid strong Santa Ana winds.
Photo by An Le from the Giant Bicycles parking lot.

NEWBURY PARK, Calif. (BRAIN) — Giant Bicycles USA evacuated its offices Thursday afternoon as the Hill Fire burned behind the company's headquarters in the Conejo Valley, about 50 miles northwest of Los Angeles.

BOULDER, Colo., and WASHINGTON, D.C. (BRAIN) — PeopleForBikes and the League of American Cyclists will hold separate webinars next week addressing the midterm elections' effects on cycling.

Tagged Advocacy/Non-profits

WASHINGTON (BRAIN) — Imports of all merchandise at the nation's major retail container ports have slowed from their pre-holiday peak but remain at unusually high levels as importers continue bringing in merchandise before tariffs increase in January, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.

Tagged Trade/tariffs

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

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