Mergers, Acquisitions & Investments
VANCOUVER, British Columbia (BRAIN) — LTP Sports Group Inc., the new distribution arm of Norco Bicycles, has taken over ownership of Norco dealer John Henry Bikes, a fixture on Vancouver’s North Shore for 20 years, following the retirements of owners John Henry and Willie Cromack.
ALMERE, the Netherlands (BRAIN) — Pon Holdings continues its buying spree with the addition of Union Bicycles to its fast-growing Pon Bicycle Group division.
SAN DIEGO, CA (BRAIN) — Emilio De Soto has recently bought back shares in the privately held De Soto Clothing, Inc. from one of last remaining original shareholders, giving the company's founder full control of the brand.
The last original shareholder was triathlete Dan Neyenhuis.
BETHEL, CT (BRAIN) — Easton Cycling is licensing carbon spoke intellectual property from Topolino for some new products to be introduced next year, the companies announced Tuesday. Topolino is ending sales of its bike wheels to focus on its wheelchair wheels.
MARIN, CA (BRAIN) — Rob Reedy of Echos Communications has purchased Dirty Dog MTB, maker of aftermarket laser-etched mountain bike brake rotors, stems and cable guides, and rebranded the company Moment Industries.
CLOPPENBURG, Germany (BRAIN) — Pon Holding on Tuesday said it would pay the last shareholders of Derby Cycle 31.56 euros per share to buy out the remaining 5 percent interest in the company.
OGDEN, UT (BRAIN) — Scott USA and Garmont USA will merge U.S. distribution operations, the companies announced this week.
LAS VEGAS, NV(BRAIN) — Showers Pass co-president Ed Dalton has sold his interest in the Portland-based cycling apparel maker to business partner and co-president Kyle Ranson, the company announced Tuesday.
MENDHAM, N.J. (BRAIN) — The owner of Van Dessel, a small bike brand best known on the East Coast for it cyclocross bikes, is looking for an investing partner or a buyer.
LAVAL, Quebec (BRAIN) — A significant announcement relative to Guru Bicycles’ future will come at next week’s Interbike show, and several sources close to the company expect the news to be about a new owner for the Canadian custom frame and fit system manufacturer.
SALT LAKE CITY, UT (BRAIN) Thursday June 7 2012 12:30 PM MT—Outdoor supplier Black Diamond has agreed to buy POC Sweden, a protective gear manufacturer whose product line includes bike helmets.
AUSTIN, TX (BRAIN) Wednesday June 6 2012 11:15 AM MT—Endurance event and media company Competitor Group Inc. and running retailer The Running Speciality Group are among the partners in a new $9 million investment in the fitness app company MapMyFitness.
HEERENVEEN, Netherlands (BRAIN) Wednesday May 23 2012 8:47 AM MT—Accell Group N.V. has completed the purchase of all issued shares in Raleigh Cycle Limited, the company announced Wednesday.
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