According to a press release, Hayes and Sun Metal Works signed a takeover agreement at the beginning of July. The rim and component manufacturer Sun-Ringlé will be run as an independent division of Hayes' bicycle components department under the name Sun Components. Hayes hopes that the purchase will give it access to new product groups and production capacities in the Far East.

Just a few weeks ago, the management of Hayes took over the brake manufacturer in a management buyout and has since called the company HB Performance. However, Hayes is to remain the brand name. In addition to disc brakes for mountain bikes, Hayes also manufactures brakes for Harley Davidson's motorcycles, snowmobiles and various construction and commercial vehicles.

In addition to the well-known Sun Ringlé bike components, Sun Metal Works also manufactures motorcycle rims and wheels for wheelchairs and garden machinery. In 1997, Sun took over the ailing cult brand Ringlé from company founder Jeff Ringlé and expanded its product range.