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Hans Johnsen buys Downeast Bicycle

Published August 4, 2013

FRYEBURG, ME (BRAIN) – Maine-based distributor Downeast Bicycle Specialists has been sold to the Hans Johnsen Company of Dallas, Texas, the companies announced this weekend.

Jeff Cavicchi, former vice president and part owner of Downeast, will become the general manager of Downeast. Doug Moore, the former president and part owner, will remain with the company through a two-month transition period. All other company personnel and sales representatives will not change.  

“Both Downeast and Hans Johnsen emphasize customer service and personal relationships with their IBD customers," Doug Moore said. "Their combination will bring added strengths that will only enhance their presence and viability in the marketplace.  I am very excited about their prospects for the future."

Hans Johnsen also owns Wilson Bicycle Sales of Hayward, California.

Topics associated with this article: Mergers/Acquisitions

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