Month: December 1988

Dorel Secures Long-term Financing

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 …

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Currie Gets $6.5 Million Capital Infusion

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 …

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Magura Direct Hires Giarratano

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 …

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The 5th Spot

“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.” …

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The 5th Spot

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 …

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Race Face Launches New Site

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 …

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