Cannondale owner Dorel Industries to go private, deal on the table

MONTRÉAL, Canada - Dorel Industries has reached an agreement in principle whereby Dorel would be taken private by a buyer group led by affiliates of Cerberus Capital Management, LP and the current shareholders of families Schwartz and Segel. Dorel Sport’s bicycle brands include Cannondale, Schwinn, GT, Mongoose, Caloi and IronHorse.
Dorel Sports bike brands including Cannondale are going back into private hands. - Photo Cannondale