If you're looking for a bike shop, you might want to consider the products made by Specialized Canada Inc. The company has been in business for 31 years and has locations in Montreal, Quebec and New Jersey. They manufacture bikes, helmets, shoes, apparel, and accessories. They also sell wheels, tires, saddles, and bottles, as well as operate pumps and specialized canada. The company is offering a $5,000 reward for information leading to the arrest of the thieves.
Specialized was founded in 1976 by Mike Sinyard. The company began producing self-made bicycles in 1978, and introduced mountain bikes to the public in 1981. It moved to a new location in Morgan Hill in 1982, with an area of 60,000 square feet. In 1984, Specialized formed its first mountain bike racing team. The team has had great success, often winning competitions with their specialty products. The company has partnered with Merida in the past to bring new innovations to the biking community.
Merida also acquired a minority interest in Specialized. The new owners needed additional capital to expand their sales efforts to specialty retailers in Europe. While this deal ended the business relationship between Specialized and Merida, it did maintain the close relationship between the two companies. Although the management claimed that they were using all suppliers, many in the industry believed Merida would use only certain brands. This led to a lot of confusion and a decrease in the quality of their products.
Began as a small warehouse in Canada:
Specialized Canada began as a small warehouse in San Jose. A year later, it expands to a 60,000-square-foot facility in Morgan Hill. It joins forces with Giant Manufacturing Co., Ltd., and the Full Force brand. In 1997, the company discontinues its Full Force line and is reorganized under the Merida name. However, it continues to offer top-notch bikes and equipment.
In the early 1990s, Specialized and Merida began their partnership. During this period, the two companies were in a rivalry over the market for mountain bikes. Despite the growing competition, Specialized was unable to sustain its competitive advantage. In 1996, the company decided to merge with Merida and create a new division to focus on bike parts. This move gave the company an opportunity to focus on the growing mountain bike market.
In 1996, Merida bought a minority stake in Specialized. The new owner wanted to invest in the Canadian company in order to expand its sales and service efforts to specialty retailers. The partnership between Merida and Specialized continued to be strong. Nevertheless, their relationship became strained, and the company was unable to compete with the more established bicycle manufacturers. The Merida acquisition led to the collapse of the firm in the early nineties.
Invested heavily in Specialized:
Merida had already invested heavily in Specialized. The company had already made some strides and a number of years later, it was able to establish its own headquarters and expand its business in Europe. Unlike other companies, Merida was not a good fit for the two companies. It is not a competitor. It has a strong brand in the European market. It was a good move for both parties. They were both looking for expansion opportunities.
Merida's purchase of Specialized also allowed them to continue to focus on the North American market. Its product line includes bikes, clothing, and accessories. The company's name is synonymous with cycling, and their slogan is "Because we care." In addition to being a bike shop, Specialized also operates a chainsaw factory in Vancouver, where they make and repair bicycles. The two companies are related to one another through their parent companies.
In 1995, Specialized discontinued the low-cost Full Force line. They wanted to sell bikes to discount retailers. In addition to their bike shops, they also sold bicycle parts. The company had a high-profile reputation in the United States, and their bikes were widely distributed throughout the air freight. It was a good time to start a business, but the first few years weren't the best. Until the company decided to expand its distribution, it struggled to survive.