All Caloi articles

  • Pon Lithuania1

    Pon.Bike commissions YIT Lietuva to build new factory in Lithuania


    After 2L Architects UAB – the Lithuanian architectural firm responsible for the design of the new factory – received the building permit at the end of September, on Nov. 18, the Dutch bicycle company Pon.Bike officially commissioned the construction company YIT Lietuva to build the 40,000-square-meter facility in Lithuania’s Kėdainiai ...

  • Pon.Bike Logo

    Pon Holdings acquires Dorel Sports


    The Dutch Pon Group and Canadian conglomerate Dorel Industries Inc. officially announced on Oct. 11 that Pon.Bike (brands Cervélo, Focus, Gazelle, Juliana, Kalkhoff, Santa Cruz, Union, etc.) will acquire Dorel Sports (brands Cannondale, Caloi, GT, Mongoose, Schwinn, etc.). According to the two parties, this mammoth marriage will create “a leading ...

  • Dorel Sports

    Dorel posts ninth consecutive quarter of sales growth despite supply chain problems


    Canadian conglomerate Dorel Industries Inc. continues to ride the wave of success, not only but mainly due to best results of its bicycle products-selling Sports Division and its Juvenile Division. In the second quarter of the current fiscal year 2021, the group increased its sales by 5.7 percent to $764.99 ...

  • Dorel_logo

    Bicycle boom pushes Q1 sales at Dorel


    Dorel Industries said revenues at its sports segment increased for the eighth consecutive quarter in the three months ended March 31, rising by 43.6 percent in reported U.S. dollars to $270 million, and by 41.5 percent in local currencies, driven by the growing global demand for bikes. The second ...

  • Dorel_logo

    Cycling demand boosts Dorel Sports


    Dorel Sports , Dorel Industries ’ sports segment whose brands include Cannondale , Schwinn , GT , Mongoose , Caloi and IronHorse , saw its revenues increase by 13.8 percent year-on-year to $265.3 million in the fourth quarter, or by 15.9 percent in constant currencies. This marks the seventh ...

  • News briefs

    Dorel delays vote on going private


    Montréal-based Dorel Industries has postponed a special shareholder meeting to vote on the sale of the company to Cerberus Capital Management to give itself more time to consider the terms of the deal. The meeting will be held on Feb. 16 instead of Jan. 12. A special committee ...