Cannondale is gone .

[cchris2lou]

Just read that Cannndale has been bought by a division of Pacific bicycles .
What do people make of this , sad or good news .

 

[Sithlord]

Yet another great bike manufacturer bites the dust.. :cry: :cry:

 

[cannondale king]

i want to change my user name now as i am assamed to be affiated with SELL OUTS. rant over with :cry: :cry: good by to you my trusted friends, bum bum, you sold out and now this is the end ,bum bum, im gonna stop singing and start crying :cry:

 

[Tallpaul]

Not the first time it's changed hands.

 

[stu]

As long as they keep it going as it is and invest like they have done with GT and Mongoose there shouldn't be a problem

Stu

 

[Anthony]

According to BikeBiz, Pegasus Capital Advisors who acquired Cannondale from the original owners in 2003 have now sold it to Dorel for c$200m. Dorel will operate two separate bicycle divisions, Pacific and Cannondale. If they have spent $200m on it, they obviously want it to remain successful.

And as for selling out, they did that in 2003, so don’t worry Cannondale King, it can’t have been that bad because you didn’t even notice!

 

[jonnyboy666]

i used to deal with them for 20 years through thick and thin, dumped the brand about 3 years ago.

made life in the shop so much nicer! wasn't the bikes, it was the suits who ran the company! although i accept it might be different in the US. the UK manager at the time was a complete knob and i was glad when he finally got fired! i might also stress it wasn't the reps, just the uk head manager.

i heard a while ago about this takeover, it can only be good, new broom and all that!

this might make it a financially viable brand for a shop to carry again, we'll see.

 

[Dhphat]

I actally had known that this was going to be happening for some time now. I manage a top 5 Cannondale dealer, and we became privy to this info back in june. Its a damn shame they are by far the best of the big names to deal w/ from a product support stand point. I was also about to get the New England cannondale rep position, but realized i want nothing to do w/ it once i heard the Pacific name come up. I've still got 2 of there bikes now a 07 team DH and a 06 cross bike from them. its to get that M6 and Indy cross bike i think.

:cry: :cry: :cry:

 

[Lid]

"......and we became privy to this info back in june"

So did you buy or sell all those shares?

 

[Augustus]

you never know, maybe they'll restore their lovely graphicsa and typeface compared with what's on offer these days.