Groupe Rossignol had already announced the disposal of the carbon frame and fork productio assets of Time Sport International, including its RTM Composite factory, to a French-American investment and management company, the Cardinal Cycling Group. Rossignol has now found a well-known buyer for its remaining bike pedal business. the French Groupe Rossignol is now also parting with the Time pedal division. The buyer (for an undisclosed price) is the U.S. bicycle components umbrella company The SRAM Group, a big U.S.-based supplier of bicycle components, has announced the acquisition of Time’s entire range of road and mountain bike pedals, cleats and all related patents. The Rossignol Group will continue to be active in the bicycle market with two bicycle brands: Felt Bicycles for road bicycles and Rossignol Bicycles for off-road bikes. More in our Outdoor Industry Compass.