Thread: Owner of Pacific Cycle Buys Cannondale.
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Old 02-04-08, 01:26 PM
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wahoonc
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Originally Posted by slagjumper
02/04/2008 8:31 AM MST
Dorel Buys Cannondale

MONTREAL, Quebec (BRAIN)—Dorel Industries has just announced the acquisition of the Cannondale Bicycle Corporation.

http://www.bicycleretailer.com/news/newsDetail/926.html

"A new Dorel Independent Bicycle Dealers (IBD) division, the Cannondale Sports Group, is being created and will focus exclusively on this category with premium-oriented brands."

"Dorel purchased Pacific Cycle (Schwinn, Mongoose and GT Bicycle brands) in 2004."


ROI, EBIDA, manufacturing, etc.

http://www.dorel.com/press/2008/DII_...08_ENG_VF2.pdf

Conference Call
Dorel Industries Inc. held a conference call to discuss the Cannondale acquisition at 10:30 A.M. Eastern Time today.

You can access a tape recording of the meeting by calling 1-877-289-8525 and entering the passcode 21261172# on your phone. This tape recording will be available on Monday, February 4, 2008 as of 12:30 P.M. until 11:59 P.M. on Monday, February 11, 2008.
Wonder how long before the "w.h.o.r.e" the brand name to Target or Walmart

Aaron
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