At the beginning of 2008, the Canadian Dorel Group bought the Cannondale brand and rides it together with other brands such as GT Bicycles, Schwinn and Mongoose under the Cycling Sports Group umbrella. In 2010, the management moved away from the "Handmade in USA" maxim and relocated production to Taiwan in favor of cost savings, where the Ideal Bike Corporation and Ming Cycle Industrial Co. manufacture bicycles for the Cycling Sports Group.

In May 2013, Cannondale announced the move away from its headquarters in Bedford to a new company headquarters in Wilton. Now this original company headquarters is to be closed completely, with the production for the US market, quality control, customer service and the test laboratory still located there to be closed at the end of 2014. This measure will affect around 100 jobs worldwide once all restructuring measures have been completed.

According to Dorel Industries Inc., the costs for the restructuring will amount to around USD 14 to 16 million. However, annual savings of at least USD 6 million are expected. According to Jeffrey Schwartz, Chief Financial Officer at Dorel, the plan is to shorten development and delivery times, optimize costs and margins, improve quality and reduce warranty costs by eliminating the headquarters in Bedorf and ending production in the USA.

www.cannondale.com
www.dorel.com