Business
Cannondale Pro Cycling and Slipstream Sports Join Forces
EXCHANGES TSX: DII.B, DII.A WILTON, CT and BOULDER, CO , Aug. 20, 2014 /CNW T...
About this update from Dorel Industries Inc. Class A
[{"type":"text","content":"\n\n\nEXCHANGES\nTSX: DII.B, DII.A\n\n\nWILTON, CT and BOULDER, CO, Aug. 20, 2014 /CNW Telbec/ - Cannondale and\n Slipstream Sports, today jointly announced that Cannondale Pro Cycling\n SpA and Slipstream Sports will join forces in 2015.  Cannondale, a\n premium brand of Dorel Industries, Inc. (TSX: DII.B DII.A), will become\n a title sponsor and technical bicycle sponsor for the team and will\n take an ownership stake in the management organization of Slipsteam\n Sports LLC.  Slipstream Sports, the top American professional cycling\n organization dedicated to ethical sport and developing the next\n generation of champions, will manage the overall operations of the\n team. Garmin, a key partner of Slipstream Sports since 2008, will\n remain a significant sponsor of the team in 2015. More information,\n including the official team roster will become available in the fall.\n\n\"Cannondale is excited to team up with Slipstream to create the next\n evolution of Cannondale Pro Cycling with the most progressive and\n innovative team in the peloton,\" said Peter Woods, President and CEO,\n Dorel Recreational/Leisure. \"Cannondale Pro Cycling athletes play a key\n role in testing our products in some of the most extreme conditions\n worldwide helping us to create the perfect ride for our consumers. We\n are thrilled about progressing our product development approach with\n the new Cannondale Pro Cycling while bringing exciting racing to our\n fans around the world.\"\n\n\n\"Slipstream Sports and Cannondale share key philosophies of a focus on\n innovation, developing the next generation of champions and a\n commitment to ethical sport,\" said Jonathan Vaughters, CEO of\n Slipstream Sports. \"We are happy to work with another company, that,\n like Garmin, so closely shares our goals. We will be adding great\n talent to an already outstanding roster and we believe the team will\n build on past successes and will produce very exciting racing in 2015.\n We look forward to what we can achieve together, both on and off the\n road.\"\n\n\nCannondale has been involved with pro racing since 1997 when it became\n the technical sponsor of Saeco and the first US manufacturer to sponsor\n a European Pro Tour team.   Since Dorel acquired Cannondale in 2008,\n investments in pro racing have steadily increased and have enhanced the...