Industry News
SAINT-AUGUSTIN-DE-DESMAURES, Quebec (BRAIN) — Louis Garneau, the president of Louis Garneau Sports, said he plans to start the Canadian national road race championships race on Saturday. The 54-year-old said he plans to race for about an hour before pulling out.
SUN VALLEY, ID (BRAIN) — After nearly nine years with Scott Sports, Adrian Montgomery is leaving the company on July 10, he and the company announced late Thursday.
ORANGE, CA (BRAIN) — Triathlon Business International announced that its annual conference will be earlier next year — January 26-28 — and move to Marina del Rey, California.

CHICAGO, IL (BRAIN) — SRAM has promoted John Paul "JP" McCarthy to road product manager, starting July 1.

PLYMOUTH, MI (BRAIN) — Cargo, towing, trailer and bike rack manufacturer Cequent Performance Products has rehired Sean Carrigan as Western Canadian district sales manager. Carrigan is returning to the company, which he left in 2006.

MOUNT PROSPECT, IL (BRAIN) — Cycling participation remained relatively flat in 2012, up a negligible 0.4 percent last year to 39.3 million, according to the latest numbers from the National Sporting Goods Association.
SHARON HILL, PA (BRAIN) — Nathan has hired its first tech rep to help educate retailers and consumers on its hydration, visibility and performance gear. The company also has redesigned its website to include more product information and training and safety tips.
BOULDER, CO (BRAIN) — RecoFit Compression Gear has launched a crowd-funding campaign on Indiegogo.com to support its national expansion.
NEW YORK, NY (BRAIN) — Serotta and Blue Competition Cycles are joining Mad Fiber Wheels under the umbrella of the Divine Cycling Group, an investment group formed last year. DCG bought Mad Fiber, its first industry acquisition, in February.
PARK CITY, UT (BRAIN) — Lifeboat Events’ fifth annual Bike PressCamp kicked off Tuesday with 30 members of the cycling and mainstream media converging on Deer Valley to meet with more than 25 brands in the resort’s condos for some one-on-one face time and to preview upcoming 2014 product.
SEYMOUR, CT (BRAIN) — Thule has hired Chris Peck to become the company's new vice president of product development. Peck was most recently global vice president of R&D at Dorel's Cycling Sports Group.
BRUSSELS, Belgium (BRAIN) — The European Two-Wheeler Parts and Accessories Industry Association (COLIPED) recently elected a new president and vice president at its general assembly. Jan Willem ten Dam, CEO of Ryde International, assumes the role of president and Erhard Büchel is now vice president.
COLORADO SPRINGS, CO (BRAIN) — Forest fires in Colorado are closer to being under control, but the fires created a very busy — and nerve wracking — week for one industry supplier in Colorado Springs.
MENDHAM, NJ (BRAIN) — Van Dessel Cycles has received "a substantial infusion of money" from a private investor from Hong Kong, the brand's founder announced Tuesday.
HOOD RIVER, OR (BRAIN) — Dakine has moved its headquarters from downtown Hood River to a new waterfront development at the city's port. The company's new home is adjacent to a famous kiteboarding and windsurfing destination and minutes away from mountain bike trails.

By Tim Blumenthal, president of Bikes Belong
TORONTO, Ontario (BRAIN) — Onex Corporation has completed its purchase of Nielsen Expositions, the owner of Interbike, for $950 million.