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.
NOTE: At BikePortland, we love your comments. We love them so much that we devote many hours every week to read them and make sure they are productive, inclusive, and supportive (heck, sometimes we even fix your typos!). That doesn't mean you can't disagree with someone. It means you must do it with tact and respect. This is our business and we do not tolerate mean commenters who add nothing of value to the discussion. Unfortunately, we are not robots and we don't always catch everything. You can help by notifying us if you see inappropriate comments. Thanks! — Jonathan and Michael