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Litespeed Owners Buy Merlin, Quintana Roo

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WESTPORT, CT/USA (3 July 2000)– QR Merlin Acquisition LLC, an entity controlled by JHK Investments LLC, has acquired the Merlin and Quintana Roo cycling brands from Saucony Inc. JHK, which already has controlling interest in Litespeed Titanium, is expanding its presence in the high end of the cycling business, according to a press release. “Merlin […]

WESTPORT, CT/USA (3 July 2000)– QR Merlin Acquisition LLC, an entity
controlled by JHK Investments LLC, has acquired the Merlin and Quintana Roo
cycling brands from Saucony Inc. JHK, which already has controlling interest
in Litespeed Titanium, is expanding its presence in the high end of the
cycling business, according to a press release.
“Merlin has long been a premier designer and manufacturer of high-end
titanium road and mountain bikes with a great tradition and following,” said
Mark Lynskey, new president of the acquired companies. “It is our intention
to build upon Merlin’s commitment to innovation and design and to keep it as
an independent premier brand. Quintana Roo, a leader in multisport bikes and
wetsuits, will be an exciting addition to our current program.”
For many years, Litespeed and Merlin were rivals in the high-end titanium
segment. Saucony, best known for performance running shoes, expanded into
the bicycle market several years ago by buying Quintana Roo and Merlin but
was unable to satisfactorily profit from its investment. (WJ)

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