Posted by Jonathan Maus ( Publisher/Editor ) on June 27th, 2006 at 10:20 am
The rumors on the street are true…
I have just gotten official word from Kinesis USA President Michael Chen that Mountain Cycle has been sold. I don’t have many confirmed details yet (rumors abound), but I expect to hear more from Chen very soon.
As most of you already know, Kinesis USA (parent company of Mountain Cycle) shut down the North Portland based company back in March and issued this press statement justifying their decision.
Kinesis has been looking for a suitor ever since.
I’m trying to find out who the buyers are and more importantly, to what extent Portland will be a part of Mountain Cycle’s future.
I’ll have more details as they become available…