— Advertisement —

Fremont bike wheel maker Mad Fiber bought by investment firm

Mad Fiber at the 2011 Seattle Bike Expo
Mad Fiber at the 2011 Seattle Bike Expo

Mad Fiber, a high-end carbon fiber bike wheel company based in Fremont, has been purchased by an investment firm with its eyes on the global retail stage, Bicycle Retailer reports.

Mad Fiber moved into the old Fremont Essential Baking factory space in 2010. Their carbon fiber wheels have a somewhat unconventional design that has earned the company headlines in the high end cycling world.

We have yet to see a statement from Mad Fiber about the deal, but we will update if we learn more.

— Advertisement —

From Bicycle Retailer:

A newly formed investment group has purchased carbon wheel manufacturer Mad Fiber, the first of several bike industry acquisitions it’s eyeing in 2013.

Divine Cycling Group was founded in January by Gary Ullman and Dan Devine, who, according to the company’s website, have raised more than $1 billion in capital to grow manufacturing and high-tech companies in the health, fitness, packaging and biotechnology fields. Both have significant experience in corporate acquisitions and mergers, the site says.

Their goal is to acquire and finance small to medium-sized companies in the bike industry that lack the scale and resources to become a global player. The company said it will divvy up its focus, with half of its investments going toward made-in-USA brands and the other half to European and Asian-based manufacturers.

Read more…

About the author:

Related posts:


One response to “Fremont bike wheel maker Mad Fiber bought by investment firm”

  1. […] apparently being bought by an investment firm isn’t a great thing after all. Mad Fiber, which built unique high end carbon fiber racing […]

— Advertisement —

Join the Seattle Bike Blog Supporters

As a supporter, you help power independent bike news in the Seattle area. Please consider supporting the site financially starting at $5 per month:

Latest stories

Bike Events Calendar

6:30 pm West Seattle Bike Connections mo… @ Online
West Seattle Bike Connections mo… @ Online
Dec 5 @ 6:30 pm – 8:00 pm
7:30 pm NW Greenways Meeting @ Virtual via Zoom
NW Greenways Meeting @ Virtual via Zoom
Dec 5 @ 7:30 pm – 8:30 pm
Our regularly scheduled meeting, happens every other month. Please check NW Greenways Twitter account – https://twitter.com/NWGreenways, our Google Group – https://goo.gl/W9jmzW or our Facebook page (https://www.facebook.com/NWGreenways/) to confirm the meeting. ShareMastodonTwitterFacebookRedditEmail
6:00 pm Seattle Bicycle Advisory Board M…
Seattle Bicycle Advisory Board M…
Dec 6 @ 6:00 pm – 8:00 pm
Monthly agendas can be found at: http://www.seattle.gov/seattle-bicycle-advisory-board/meetings/meeting-agendas The Seattle Bicycle Advisory Board (SBAB) advises the Mayor, City Council, and City Departments and Divisions on projects, policies, and programs that improve and/or affect bicycling conditions in[…]
7:15 pm Point83 @ Westlake Park
Point83 @ Westlake Park
Dec 7 @ 7:15 pm
Point83 @ Westlake Park
Meet up in the center of the park at 7ish. Leave at 730. Every Thursday from now until forever rain or shine. Bikes, beers, illegal firepits, nachos, bottlerockets, timetraveling, lollygagging, mechanicals, good times.ShareMastodonTwitterFacebookRedditEmail
10:00 am Little Brook Neighborhood Cleanup
Little Brook Neighborhood Cleanup
Dec 9 @ 10:00 am – 11:00 am
Monthly 2nd Saturday Neighborhood Cleanup. If you want to help with cutting vegetation, bring your own good gloves and tools.  We have yard waste bags, grabbers, yellow bags for trash,  light weight gloves and vests.And, as[…]
— Advertisements —

Latest on Mastodon

Loading Mastodon feed…