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

Giant posts revenue decline for 2017, predicts single-digit growth for 2018

TAICHUNG, Taiwan (BRAIN)  —Giant Manufacturing, closing its books on 2017, posted revenue for the year of $1.9 billion, a 3.5 percent decline from 2016.

Williams Cycling moves away from online-only, opens sales to bike shops


Kestrel returns to offroad with carbon hardtail offerings

PHILADELPHIA (BRAIN) — ASI’s Kestrel brand is returning to the offroad market with a new carbon 29er hardtail, the MXZ, which will be available in two builds. Kestrel’s produced one of the first ever carbon mountain bike frames in 1988, also called the MXZ.

Voting opens for 2017 inductees to Mountain Bike Hall of Fame

FAIRFAX, Calif. (BRIAN) — The Mountain Bike Hall of Fame nominating committee has made its selections for the MBHOF ballot for this year’s inductees

Two longtime employees buy Velo Orange from its founder

ANNAPOLIS, Md. (BRAIN) — Two longtime employees have bought Velo Orange from the brand’s founder, Chris Kulczycki. Igor Shteynbuk and Adrian Nelson purchased all of the assets of Velo Orange and its associated brands, Grand Cru Components and Dajia Cycleworks

Erik’s acquires 2 BikeSource locations in Kansas City

KANSAS CITY, Kan. (BRAIN) — Erik’s Bike Shop purchased the two Kansas City, Kansas-area locations of retail chain BikeSource

Zwift to launch iOS version of its training app

LOS ANGELES (BRAIN) — Zwift is preparing to release a new version of its online bike training/gaming app for iPads and iPhones. The new Zwift iOS app will be released as a “beta” program, the company said

J&B Importers acquires Alienation

MIAMI (BRAIN) — J&B Importers has acquired Alienation, the Mill Valley, California-based BMX aftermarket and OEM component brand. Alienation is best known for its front-specific BMX rim, and for its wheel systems using TCS  (Tubeless Compatible System), licensed from WTB.

EDCO USA acquires Faster, an Arizona wind tunnel and bike-fit studio

SCOTTSDALE, Ariz. (BRAIN) — EDCO USA has acquired the Faster cycling performance center, which includes a low-speed wind tunnel and bike fit studio. The Faster facility in Scottsdale will become the U.S