Industry News
WESTPORT, Conn. (BRAIN) — Compass Diversified, the owner of BOA and Lizard Skins as well as a variety of other middle-market businesses, reported net sales of $488 million in its fiscal third quarter, up from $388 million in the same period last year.
BOULDER, Colo. (BRAIN) — PeopleForBikes' virtual Bicycle Leadership Conference opens Tuesday. The organization also has announced some details of a in-real-life Bicycle Leadership Conference, the first since 2019, which is planned for March 21-23, 2022 in Dana Point, California.

CITY OF INDUSTRY, Calif. (BRAIN) — JW Zhang, who founded e-bike brand Aventon eight years ago, said the company's next step is to open a "highly automated" e-bike factory in the U.S.

NORTHVALE, N.J. (BRAIN) — Funeral services for Jamis Bicycles employee Jeanette Willem will be Monday at Vander Plaat Caggiano Funeral Home from 4-8 p.m. in Fair Lawn, New Jersey.

PORTLAND, Ore. (BRAIN) — VVolt, a new e-bike brand that launched earlier this year has added outdoor retailer Moosejaw as a multichannel partner.

WASHINGTON (BRAIN) — President Joe Biden released a revamped climate-change plan Thursday as part of his Build Back Better Act that includes restoring the originally proposed e-bike tax credit percentage while keeping the bicycle commuter benefit unchanged.
NORTHVALE, N.J. (BRAIN) — Police investigators say Christian Giron used a hand-held sledgehammer to kill his Jamis Bicycles co-worker Jeanette Willem at the brand's headquarte

SEATTLE (BRAIN) — Existing investors are pumping another $154 million into Rad Power Bikes, following a $150 million investment announced in February.

STOCKHOLM (BRAIN) — Bike helmets continue to lead MIPS' revenue surge during the bike boom with third-quarter net sales increasing 81% year-over-year.
NORTHVALE, N.J. (BRAIN) — Prosecutors say a suspect is in custody and a homicide investigation is underway after a body was found at the Jamis/G. Joannou Cycle headquarters here.

OLATHE, Kan. (BRAIN) — Garmin Ltd. revenue increased 7% year-over-year, aided by a slight jump in fitness sales driven by cycling and wearable products.

Shimano said it increased production during the period and that its new 12-speed Dura-Ace and Ultegra groups "were enormously well-received by customers."

WILTON, Conn. (BRAIN) — Dorel Sports General Manager Nick Hage said plans to bring Cannondale assembly back to the U.S. actually began a couple of years ago, and with supply-chain constraints currently hampering the industry, the timing of the announcement couldn't be better.

RINCON, Ga. (BRAIN) — In a move to ease supply chain constraints, Cycling Sports Group is opening a bike assembly facility in this community outside Savannah.

BATON ROUGE, La. (BRAIN) — Baseball and softball equipment manufacturer Marucci Sports announced Monday it has acquired Lizard Skins. Terms were not disclosed.

BOULDER, Colo. (BRAIN) — The driver who struck industry communications professional Andrew Bernstein in 2019 pleaded guilty to reduced charges on Friday and was sentenced to two years in prison.

OSAKA, Japan (BRAIN) — Shimano says a website that appears to be offering clearance Shimano bike and fishing gearing is not legitimate.
The company said consumers should beware of shimano-clearance (dot) store.

STOCKHOLM (BRAIN) — Thule Group's net sales increased 13.8% year-over-year in the third quarter in part because of fulfilling demand despite a tangled global supply chain, the company said.