Cannondale new under Pacific Cycles
A major and important company takeover has been announced in the bike industry: Bike manufacturer Cannondale was acquired today by "Dorel Industries Ltd.". The group, based in Montreal, Canada, is already a well-known name in the bike industry with its company "Pacific Cycles" (GT, Schwinn, Mongoose). Cannondale is to become the flagship of Pacific Cycles. The clothing manufacturer Sugoi, which Cannondale acquired exactly two years ago, has also been taken over. Dorel will put between 190 and 220 million dollars on the table for Cannondale and Sugoi.
04.02.2008