The Recreation & Leisure segment of Dorel Industries has changed its name to Dorel Sports and made another acquisition in Latin America. After the takeover of Caloi in Brazil, the Canadian parent company of Cannondale, GT, Schwinn, Sugoi and other bike brands is taking over the assets of Intercycles, a distributor for the company in Chile that has its own stores there. Dorel Sports will be run by Peter Woods, president and chief executive, and Scott Rittschof, who joined Dorel's Cycling Sports Group as senior vice president and general manager last September. They have hired a raft of new executives coming from Cervélo, Trek, Sram, Specialized and other companies.

Topics