Dorel buys 2nd bike maker

By Furniture Today Staff -- Furniture Today, February 24, 2008

Montreal — Furniture manufacturer Dorel Inds., which has owned bicycle-maker Pacific Cycle since 2004, has added upper-end bicycle producer Cannondale Bicycle Corp. to its portfolio.

Dorel said it would market its premium brands, including Cannondale, GT and Sugoi, to independent bicycle dealers through the Cannondale Sports Group.

Pacific Cycle, whose brand includes Schwinn, Mongoose and Roadmaster, is now a stand-alone division that focuses on mass-merchant sales.

Dorel's furniture holdings include ready-to-assemble producers Ameriwood, Ridgewood and Altra.

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