Mergers, Acquisitions & Investments
Editor's note: This article, originally published in September 2013, has been edited to clarify that LeMond LLC did not acquire Time USA, but had become the exclusive distributor of Time frames and bikes in the U.S., as well as a non-exclusive distributor of Time pedals.
INDIANAPOLIS, IN (BRAIN) — Joshua Poertner, the former technical director of Zipp Speed Weaponry, has purchased the legendary Italian pump brand, Silca, and plans to relocated the brand and all its production to Indianapolis.
MILAN, Italy (BRAIN)—Luxottica Group reported for a second straight quarter that strong performance in its wholesale division, which includes Southern California-based Oakley, helped propel improved sales for the Italian eyewear company.
BEVERLY, MA (BRAIN) — New Wave AB, the Sweden-based owner of the Craft clothing brand, has bought North American distribution rights to the brand from Karhu North America, which had been distrbuting Craft here since 1999.
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.
TORONTO, Ontario (BRAIN) — Onex Corporation has completed its purchase of Nielsen Expositions, the owner of Interbike, for $950 million.
SAN CLEMENTE, CA (BRAIN) — GrindMedia, which owns Bike and Paved magazines, among others, has purchased TransWorld's action sports brands, which include TransWorld RideBMX as well as its surf, snow and moto titles.
SAN JUAN CAPISTRANO, CA (BRAIN) — Canada-based Onex Corp. has agreed to buy Nielsen Expositions, the owner of Interbike and the Outdoor Retailer shows, from Nielsen Holdings for $950 million.
VAN NUYS, CA (BRAIN) — On Wednesday the Reuters news service, citing unnamed sources, reported that Easton-Bell Sports owner Fenway Partners was getting ready to sell the company.
TEMPE, AZ (BRAIN) — Pivot Cycles will complete the sale of its 50 percent ownership in BH USA to BH Europe on April 1, enabling Pivot to go forward focusing solely on its mountain bike business.
SEATTLE, WA (BRAIN) — A newly formed investment group has purchased carbon wheel manufacturer Mad Fiber, the first of several bike industry acquisitions it's eyeing in 2013.
VICENZA, Italy (BRAIN) — Bianchi is buying Italian parts and accessories distributor Alpen By Verza Srl, the company announced Thursday. Alpen By Verza has been operating for more than 30 years.
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