Month: March 2001

Chuck Wurster, the man behind RacerMate and CompuTrainer, dies at 86

VASHON, Wash. (BRAIN) — Charles “Chuck” Ivan Wurster, Jr., whose products helped create the current indoor cycling boom, has died at age 86 at his home here. Wurster was co-founder and president of Floscan Instruments, which made fuel monitoring equipment for marine and aviation applications. He was also the longtime leader of RacerMate, Inc., which …

Chuck Wurster, the man behind RacerMate and CompuTrainer, dies at 86 Read More »

Bankruptcy court cancels ASE's contracts with Ideal; Ideal to appeal

DURHAM, N.C. (BRAIN) — A U.S. bankruptcy judge has approved Advanced Sports Enterprises’ motion to cancel its licensing and manufacturing contracts with Ideal Bike Corporation, a Taiwan-based manufacturer that has been a backer and manufacturer for ASE and its ASI division. Ideal told the court it will appeal the decision Rejecting the contracts means Ideal …

Bankruptcy court cancels ASE's contracts with Ideal; Ideal to appeal Read More »

E-bike industry, including Uber, requests exemption from tariffs

WASHINGTON (BRAIN) — PeopleForBikes and the Bicycle Product Suppliers Association have submitted requests on the industry’s behalf for exemption from the 25 percent tariff on Chinese-made e-bikes that took effect last summer. The deadline was Thursday for submitting the requests to the U.S. Trade Representative. The Trump administration has granted thousands of exemptions to its …

E-bike industry, including Uber, requests exemption from tariffs Read More »

Amer Sports buyout has begun

HELSINKI (BRAIN) — The investor group acquiring Amer Sports has begun to buy up the company’s outstanding and issued shares through a voluntary recommended public cash tender. The consortium, named Mascot Bidco Oy, includes Anta Sports Products Limited; FV Mascot JV, L.P., an investment vehicle managed by FountainVest Partners; and Anamered Investments Inc., an investment company …

Amer Sports buyout has begun Read More »

Saris names Frehner president; co-founder Fortune shifts to CEO role

MADISON, Wis. — Almost three decades after acquiring Graber Products and renaming it Saris, co-founder Chris Fortune is stepping down as president and handing the reins to COO Jeff Frehner. Fortune becomes Saris’ CEO effective Jan. 1, 2019. “Jeff will run the day-to-day side of the business. My role will be CEO, and I’ll be …

Saris names Frehner president; co-founder Fortune shifts to CEO role Read More »

ASE asks court to cancel Roubaix contract with Specialized and to abandon inventory

DURHAM, N.C. (BRAIN) — Advanced Sports Enterprises has asked a bankruptcy court to cancel its licensing agreement with Specialized Bicycle for the Roubaix trademark. ASE also is asking the court for permission to abandon inventory worth about a third of a million dollars wholesale, currently held by a broker.   ASE on Wednesday asked for an expedited hearing …

ASE asks court to cancel Roubaix contract with Specialized and to abandon inventory Read More »

UK's Chain Reaction Cycles to end Shimano sales to consumers in US, Canada next month

LONDON (BRAIN) — U.K. online retailer Chain Reaction Cycles has announced on its website that it will stop selling Shimano products into North America starting Jan. 1, 2019. As of Wednesday afternoon Pacific time, there was no similar announcement on fellow U.K. e-commerce site Wiggle.com, which merged with Chain Reaction in 2016, creating a company with …

UK's Chain Reaction Cycles to end Shimano sales to consumers in US, Canada next month Read More »