Erik’s agrees to buy Rasmussen Bicycle Shop in West Des Moines

WEST DES MOINES, Iowa (BRAIN) — Erik’s Bike Shop, which has more than two dozen locations across the Upper Midwest, expects to have its first location in Iowa soon, with an agreement to buy Rasmussen Bicycle Shop in West Des Moines. The transaction is expected to be finalized on May 9. Headquartered in Bloomington, Minnesota, Erik’s other locations are in Minnesota, Kansas, Illinois, and Wisconsin

Dorel to investors: Bike biz will improve in 2018

Company says inventory levels are right and new sporting goods business should give it a boost. MONTREAL (BRAIN) — Dorel reported 0.6 percent growth in fourth-quarter revenue at its bike division, which includes Cannondale, Sugoi, GT, Schwinn, Mongoose and Caloi. However, full-year revenue declined 7.8 percent

Florida bike businesses plan to re-open this week

MIAMI (BRAIN) — Several bike suppliers and retailers in Florida say they plan to re-open this week following the storms this weekend, although many retailers and bike industry folks were unreachable Monday due to power and telephone outages. Distributor J&B Imports was closed Monday and co-CEO Ben Joannou Jr. said some employees were unable to leave their neighborhoods

Fox plans to recall some Float X2 shocks; tells suppliers and retailers to stop sales now


Vista Outdoors buys BRG’s Action Sports businesses for $400 million

Vista — which owns CamelBak and Bolle — buys the owner of Bell, Giro and Blackburn. CLEARFIELD, Utah (BRAIN) —?Vista Outdoor Inc. has agreed to buy BRG Sports, Inc.’s Action Sports division, which includes Bell, Giro, C-Preme and Blackburn

Fox Factory buys ‘certain assets’ of Marzocchi’s mountain bike product lines

Fox indicates it will expand to more price points with Marzocchi brand. SCOTTS VALLEY, Calif.

Wiggle plans to move distribution center 150 miles

WOLVERHAMPTON, U.K. (BRAIN) — E-commerce vendor Wiggle is moving its distribution base 150 miles, from Portsmouth to Wolverhampton, U.K., in the West Midlands region. The company said the move has been two years in planning and will cost several million pounds (The British pound is worth about $1.50).

Accell hits record annual sales world wide, but a decline in North America

HEERENVEEN, the Netherlands (BRAIN) — As a whole, Accell Group N.V.

BTI re-launches Factory Service for suspension and brakes

SANTA FE, N.M. (BRAIN) — BTI has re-launched an expanded version of its Factory Service program, offering service for a variety of suspension and brake brands. Brian Alexander has returned to the company after training with several suspension makers.

SRAM IPO on Hold

TAICHUNG, Taiwan—SRAM has put its plans to go public on the Nasdaq Stock Exchange on hold until at least next summer while it waits for volatility in the financial market to wane, Jeff Shupe, SRAM’s chief operating officer, said on Tuesday. Shupe said waiting would also allow SRAM to project its 2013 earnings at the time of the initial public offering based on supplier orders for the following year’s product