Tag Archives: Pon

Peter Woods steps down as president and CEO of Dorel Sports

Peter Woods has stepped down as president and CEO of Dorel Sports, Bicycle Retailer & Industry News has reported. The decision was mutually agreed on, according to a Pon Holdings release, and Woods will continue working for Pon.Bike as a special advisor until the end of the year. In this …

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Pon.Bike to open a new manufacturing facility in Lithuania in 2024

Pon.Bike is to open a new manufacturing facility in Kėdainiai, Lithuania in 2024. The new production centre could scale up to an annual production capacity of 600,000 bikes and will be equipped to produce bikes for multiple brands across the company’s portfolio, including Gazelle, Kalkhoff, Focus, and Urban Arrow. Pon.Bike …

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Dorel completes sale of sports segment to Pon Holdings

Dorel Industries has completed the previously-announced sale of Dorel Sports, its bicycle segment, to Dutch mobility group Pon Holdings for $810 million, representing approximately CAD $1.03 billion. At closing, Dorel said it received net proceeds from the sale of approximately $735 million, which it will use for payment of a …

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Dorel Sports sold to Pon Holdings for $810 million

Dorel Industries has entered into a definitive agreement to sell Dorel Sports to Pon Holdings for $810 million in cash. Dorel said it expects to use the net proceeds from the sale of approximately $735 million (subject to closing adjustments) to reduce indebtedness, return capital to shareholders and for general …

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