Mergers, Acquisitions & Investments

Posted November 23, 2010

ROTHERHAM, U.K. (BRAIN)--Planet X, a U.K. based Internet bicycle retailer, purchased all of Titus’ assets from Factors Southwest late Tuesday, November 23.

Posted November 8, 2010

SEYMOUR, CT (BRAIN)—The Thule Group has acquired TracRac Inc., a U.S. manufacturer of transport solutions for professional use.

Posted September 21, 2010

SCHAFFHAUSEN, Switzerland (BRAIN)—Garmin has acquired MetriGear, the creator of a pedal-based power solution for cycling, as a new component of its growing fitness division.

Posted July 16, 2010

FRYEBERG, ME (BRAIN)—Longtime employee Jeff Cavicchi is now a minority owner of Downeast Bicycle Specialists, the Northeast’s oldest wholesale distributor. Doug Moore remains the majority owner, and will continue in his position as president at the company’s Fryeburg, Maine facility.

Posted June 6, 2010

GRAND RAPIDS, MI (BRAIN)—Industry retail veteran Patrick "P.J." McDonald has joined Michigan-based Slingshot Bicycle Company as its new majority partner.

Posted May 27, 2010

LEOMINSTER, MA (BRAIN)—Northern California-based The Hive, known for its cranksets and hubs, has bought E.Thirteen, which was owned by suspension guru Dave Weagle. The Massachusetts-based company is best known for its chain retention systems.

Posted March 11, 2010

SANTA CLARITA, CA (BRAIN)—Corsair Bikes have new owners as Mike Flaherty and Froggy Khu of Atomlab, along with Pablo Tafoya—the designer of Corsair frames—have purchased the company from original founder and industry veteran Doug Stuart.

Posted March 7, 2010

SANTA CRUZ, CA (BRAIN)—Santa Cruz Bicycles has purchased Swobo outright, buying out Tim Parr’s minority interest in the company.

Posted February 1, 2010

POZZOLEONE, Italy (BRAIN)—Selle Royal S.p.A. has signed a binding agreement to purchase a majority interest in Justek, the largest bicycle saddle manufacturer in China.

Posted January 24, 2010

SAN DIEGO, CA (BRAIN)—Zoic Clothing's Eric Swenson and Paul Wyandt have bought the company from Nitches, Inc. a publicly traded apparel company.

Both Swenson and Wyandt have been working at Zoic/Nitches for more than 10 years.

Posted January 6, 2010

HEERENVEEN, the Netherlands (BRAIN)—Accell Group N.V. has acquired Bäumker & Co, a German trading company of bikes and parts and accessories that also distributes Batavus, a brand owned by Accell.

Posted December 28, 2009

BEAVERTON, OR (BRAIN)—Yakima has tied its future to a Taiwan company that—among many other items—makes water filtration products and water coolers for Whirlpool. It seems an unlikely merger, but Kemflo International also makes parts for Yakima’s racks, and has for the last nine years.

Posted December 28, 2009

BEAVERTON, OR (BRAIN)—Yakima, one of the industry’s best known rack companies, has “merged” its operations with a privately held Taiwan company that has been supplying it with parts for the last nine years.


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