Industry News
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).
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.
SAN DIEGO (BRAIN) — Tony Ellsworth is returning to his namesake mountain bike brand after a four-year absence to become chief development/design officer.
DETROIT (BRAIN) — Cardinal Cycling Group, a new company formed last year to acquire the TIME bicycle business from Rossignol, has acquired Detroit Bikes.
CHICAGO (BRAIN) — SRAM announced Wednesday the acquisition of cycling computer brand Hammerhead. The transaction was completed Dec. 30.
SEATTLE (BRAIN) — Kona Bicycles has been acquired by Kent Outdoors, a Ohio-based company that was known until Wednesday as Kent Water Sports. Kent Outdoors owns several outdoor sports and watersport brands, including the Arbor snowboard brand.
IRVINE, Calif. (BRAIN) — Nearly 56% of female cyclists riding today either started cycling during the pandemic or returned to it after a layoff, according to the National Bicycle Dealers Association's Bicycling Buying 2021 Consumer Research
Study.
SEATTLE (BRAIN) — REI Co-op will build a new distribution center in Lebanon, Tennessee, to support growth on the East Coast, Midwest, and South.
HEMPSTEAD, N.Y. (BRAIN) — Many members of the global bike industry received email surveys this week from Emerald Expositions, a trade show company that produces the Outdoor Retailer expos and which owns Interbike, the bike expo last held in 2018 in Reno, Nevada.
VANTAA, Finland (BRAIN) — Amer Sports has sold the Finnish adventure wearables brand Suunto to Liesheng, a Chinese technology brand. Amer is the parent of Enve Composites, Louisville Slugger, Arcteryx, Wilson and other brands, and the former owner of Mavic.
EMPORIA, Kan. (BRAIN) — Shimano North America is the founding sponsor of the Gravel Cycling Hall of Fame, which will be launched here in June prior to the Unbound Gravel 2022 event.
TULSA, Okla. (BRAIN) — USA BMX said its 2021 season was the most successful in BMX competitive history.
CHICAGO (BRAIN) — Organizers of the CABDA Expo will not hold their 2022 Midwest Expo, which had been scheduled for Feb. 9-10 in Chicago. The recent surge in COVID-19 cases drove the decision, show director Jim Kersten said.
IRVINE, Calif. (BRAIN) — Wayne Stetina is leaving Shimano American, where he has held leadership and product positions for 37 years, to join arch rival SRAM, according to several BRAIN sources and an interview published Friday on RoadBikeAction.com.
OLD FORT, N.C. (BRAIN) — With the assistance of a group of North Carolina investors, Kitsbow employees have purchased the majority shares of the cycling apparel brand after 10 years of private ownership.
LOUISVILLE, Colo. (BRAIN) — While last week's Marshall Fire apparently spared the businesses of area suppliers and retailers, many industry members were directly affected. Area retailers, suppliers and others are working to help those who lost homes and belongings get back on their feet — and riding.
SAN FRANCISCO (BRAIN) — While many shops and individuals who have had bikes stolen theorized they end up south of the border, nobody actually knew for sure or could quantify to what degree.
Until now.
MONTRÉAL (BRAIN) — Dorel Industries has completed its sale of Dorel Sports — which includes Cannondale, Schwinn, GT, Mongoose and other bike brands — to Pon Holdings, for $810 million. The planned acquisition was announced in October.
DENVER (BRAIN) — Maybe 2022 will begin an era of peace, love and understanding in the bike industry, as Fox Factory and SRAM are starting the new year with a clean slate after agreeing to settle legal disputes dating to 2015.
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