Pon Holdings, Bicycle Division, owns Derby which owns Raleigh and other brands such as Cervelo.

http://www.bicycleretailer.com/inter...e#.Up8rosRDuls

[Derby is part of the Pon Bicycle Group, a division of the 7 billion euro Dutch trading company, along with Gazelle, Cervélo and Union Bicycles. Derby sold 482,000 bikes last year under its Focus, Kalkhoff, Rixe, Univega and Raleigh brands (Derby holds the license to sell Raleigh in Europe’s German-speaking countries).]

Their latest acquisition is Union: http://www.bike-eu.com/Home/General/...ings-1096540W/

Sounds like their approach is quality in Europe.