Fox Racing Shox Sold
WATSONVILLE, USA – Fox Racing Shox has been taken over. The majority of the Fox shares has been sold to
WATSONVILLE, USA – Fox Racing Shox has been taken over. The majority of the Fox shares has been sold to Compass Diversified Holdings (CODI). Founder Bob Fox declared that the move was made out of a conscious desire for continued growth and not out of financial strife.
“The extreme growth over the past years forced us to look for a financial partner like Compass Diversified Holdings”, said Bob Fox. “The financial strength and resources Compass provides will enable Fox to continue our strong growth and leadership in all of our markets."
"Importantly, the Compass vision provides a transition that will be seamless and virtually invisible to all concerned, including customers, vendors, and employees.” Fox will remain as Chief Executive Officer and will also retain a ‘significant ownership’ in the company along with other senior managers.
CODI Chief Executive Officer Joe Massoud stated that “Fox is a strong addition to CODI. This company possesses the critical characteristics we look for in all of our businesses, including market leadership and proven management. Bob Fox and his senior management team have driven growth by providing innovative suspension products for over three decades and we look forward to working with them to continue and accelerate this growth.”
Warning Fox Forks
Yesterday Fox Racing sent out a warning to all its customers regarding the unapproved use of Fox forks. According to Fox Racing the use of the Fox 32, 36, and 40 suspension forks with tires larger than 26 inches may result in ‘accidents, causing serious bodily injury or death’. These forks are engineered and tested for use with 26 inch MTB tires. The models meet CEN and AST M testing standards based on use with 26 inch tires. Any other use is not approved by Fox Racing.