walter
Fourth Party
Cruising around and came across this
SRAM/Zipp, aside, though, that’s not even the juiciest piece of gossip. Rather, what blew us away was the chatter of Pacific Cycle buying Cannondale. Perhaps you've never even heard of Pacific. They own Schwinn, GT, and Mongoose. Rumor is that they're buying Cannondale, shutting down the US factory and turning it into a warehouse, and shifting the production of America's best big bike manufacturing company to Asia. It gives Pacific a high-end performance offering in their portfolio of generally dumbed-down (albeit highly recognized & profitable) brands. Sounds like a smart strategic move to us, though it's sad to see America's final sizeable maker of bikes go offshore.
it came off the Competative Cyclist Interbike wrap up. Any insight from our Cannondale folks here???
SRAM/Zipp, aside, though, that’s not even the juiciest piece of gossip. Rather, what blew us away was the chatter of Pacific Cycle buying Cannondale. Perhaps you've never even heard of Pacific. They own Schwinn, GT, and Mongoose. Rumor is that they're buying Cannondale, shutting down the US factory and turning it into a warehouse, and shifting the production of America's best big bike manufacturing company to Asia. It gives Pacific a high-end performance offering in their portfolio of generally dumbed-down (albeit highly recognized & profitable) brands. Sounds like a smart strategic move to us, though it's sad to see America's final sizeable maker of bikes go offshore.
it came off the Competative Cyclist Interbike wrap up. Any insight from our Cannondale folks here???