Brewery New Owner of Eddy Merckx Cycles

ZELLIK, Belgium – Brewer Jan Toye is the new majority shareholder of Eddy Merckx Cycles (EMC). He multiplied his minority shareholder by buying all the shares of former majority shareholder Joris Brantegem. Jan Toye now owns 85% of the bicycle company. Founder Eddy Merckx still retains 6% of the shares. CEO Kurt Moons holds a 9% stake.
Road race icon Eddy Merckx still retains 6% of the shares in Eddy Merckx Cycles. In 2012, the company lost €2m on a total turnover of €14.6m. - Photo Bike Europe