Dorel Adds To Its Stable Of Bicycle Brands

2008-02-08T00:00:00

Dorel Industries of Montreal is expanding its bicycle empire by acquiring Cannondale Bicycle Corp. and its Sugoi Performance Apparel subsidiary in Vancouver from Pegasus Capital Partners for $190-200 million in an all-cash deal that is being financed through loans. Dorel says the transaction will immediately contribute to its profitability.

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