MONTREAL, Quebec (BRAIN)—Dorel Industries has secured new long-term financing through the sale of $200 million in guaranteed notes. The $2.2 billion Canadian company owns several bike brands including Cannondale, GT, Mongoose, Schwinn, Pacific Cycle, Sugoi and Iron Horse, as well as distributors in Australia and the U.K. Dorel also has divisions in home furnishing and …
WASHINGTON, D.C. (BRAIN)—Shipments of kids’ bikes to Australia helped push U.S. bike exporters’ January business 16 percent over last year. Exports of kids’ bikes increased 1,336 units, a 71 percent jump, while adult exports dropped 421 units. The average export unit value climbed to $1,498 from $1,243 last year. This jump in value also has …
CHATSWORTH, CA (BRAIN)—Currie Acquisitions LLC (dba Currie Technologies) has received a $6.5 million investment infusion from Main Street Capital Corporation—a Houston-based private equity firm. The investment gives Main Street Capital a 47 percent interest in the country’s biggest e-bike distributor. The majority interest is held by the equity holders of Currie Acquisitions, which includes Currie’s …
OLNEY, IL (BRAIN)—Magura Direct, U.S. distributor for Magura, Vaude and Uvex, has hired Paul Giarratano as its new sales and product manager. Giarratano will be based in the Pacific Northwest and will play a pivotal role in Magura’s continued growth. Giarratano comes to Magura with a solid background in the industry. His experience includes product …
CORTEZ, CO (BRAIN)—Osprey Packs, Inc. was named to Outside magazine’s third annual “Best Places to Work” list. Osprey was ranked number 12 out of 50 selected companies, and is one of only five companies to be chosen every year of the award. The full list and related story will be published in the May issue …
“What’s happened around America is people are buying bikes and they’re using them for recreational purposes on the weekend and there’s no better family way for people to spend a weekend than riding their bikes on these biking trails.” “This is what Americans want and we’re accommodating their needs to really find places to recreate.” …
CatEye has introduced a new custom computer design contest. This is your chance to enhance the appearance of one of CatEye’s most popular cycling computers, the Strada Wireless. Use your creativity to come up with a fresh new design! The winning design will be manufactured and you’ll get a few to outfit your bikes! Click …
VANCOUVER, British Columbia (BRAIN)—Race Face Components has launched a new Web site for 2010. Highlights include a pull down CSS menu that allows users to preview all products, a rollover chart that indicates intended usage for components, and of course, the debut of the spring/summer soft goods and protection line. The 2010 Race Face site …
BLOOMINGTON, MN (BRAIN)—Outside magazine released its third annual list of the “Best Places to Work,” ranking Quality Bicycle Products (QBP) in the top 50 in America. The complete list and related story will be published in the May issue of Outside magazine, available April 13. “QBP is fortunate enough to be served and led by …
SAN DIEGO, CA (BRAIN)–Custom framebuilders from various parts of the country will descend on Southern California starting this Thursday for the San Diego Custom Bicycle Show. It wraps up on Sunday. On Thursday framebuilders and people looking to learn more about the craft and execution of framebuilding can attend a variety of professional seminars. These …