Dorel acquires Brazil's major bike firm

2013-09-05T00:00:00

Dorel Industries, the Canadian group that owns bicycle brands from Cannondale to Schwinn, Mongoose and more, said it had acquired 70 percent of Caloi, the leading Brazilian bicycle maker. Caloi sells about one million bicycles in Brazil annually, amounting to an estimated 40 percent of the market in value, and ...

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