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Cannondale | Cannondale Bicycles Corporation (Wikipedia)
The Cannondale Bicycle Corporation is a major American bicycle manufacturer, headquartered in Bethel, Connecticut USA with manufacturing and assembly facilities in Bedford, Pennsylvania USA and Taichung, Taiwan.
History
The company was founded in 1971 by Joe Montgomery to manufacture backpacks and bags for camping and later bicycle trailers for bicycle touring. Today, Cannondale produces many different types of high-end bicycles, hand made in USA, specializing in aluminum (rather than steel, titanium or carbon fiber) frames, a technology in which they were pioneers. The name of the company was taken from the Cannondale Metro North train station in Wilton, Connecticut. In the late 1990s Cannondale attempted to move into the motorsports business, producing a line of off-road motorcycles and all-terrain vehicles. According to an interview with Cannondale Communications Director, Tom Armstrong, the company was unable to drive down the cost of their motor vehicles fast enough. Sales took off when the company was still losing money on each motorbike they shipped. This gap drove the company to seek bankruptcy protection in 2003, and to sell off the motorsport division. Cannondale’s bicycle division was purchased in 2003 by Pegasus Capital Advisors, which supported the company’s renewed focus on bicycle production. In February 2008, Cannondale was purchased from Pegasus Capital Advisors by Dorel Industries. In April 2009 it was announced that all production would be tansferred to Taiwan.
Originally a privately-held company, Cannondale became a $22 million IPO in 1995. The business continued as a publicly traded company (Pink Sheets: BIKEQ) until declaring bankruptcy on January 29, 2003. Cannondale’s full assets were then purchased at auction by Pegasus Partners II, L.P.. The motor-sports IP, manufacturing equipment and inventory were quickly sold off as the company returned its focus to bicycle manufacture. In March 2007, Cannondale announced that basketball superstar LeBron James had become an owner of the company. In February 2008, Dorel Industries, a diversified consumer products company, announced the purchase of Cannondale from Pegasus for approximately $200 million. Dorel is a U.S. distributor of bicycles made in Taiwan and the People’s Republic of China for sale under many historic U.S. cycle brands, including Schwinn, Mongoose, Roadmaster, and GT.
Products
Bicycle Models
Road Bicycles
Road Slice
System Six
Super Six
Six 13
Capo
CAAD9
Cyclocross
Synapse
Mountain Bicycles Mountain Judge
Perp
Rush
Rize
Moto
Scalpel
Hardtail Caffeine Frames (F2, F3, F4,)
Caffeine Frames (29′er)
Taurine Frames (F1, Team)
CO2 Frames (F5, F6, F7)
Recreation Quick
Bad Boy
Street
Adventure
Touring
