RECALLS and MANUFACTURERs NOTICES

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04 Feb - Cannondale Acquired By Doral, Parent Company of Pacific Bicycle - Dorel Industries, based in Montreal and parent company of Pacific Cycle, bought Cannondale Bicycle Corporation today in an all-cash deal that is estimated to be valued at between $190 - $200 million. Pacific Cycle is better known by some of the more famous brands it had acquired before it was acquired by Dorel: Schwinn, GT and Mongoose. Connecticut-based Cannondale along with it's apparel company, Sugoi, was previously acquired by Pegasus Capital Advisors in 2003 for about $80 million ($25m in invested capital before it went bankrupt + $55m for the final acquisition). A pretty tidy profit for Pegasus, to say the least. According to VeloNews and other sources, Dorel's recreational/leisure segment will be split into two separate divisions. The Cannondale Sports Group (C'dale, GT, Sugoi, & perhaps Schwinn & Mongoose) will target the independent bicycle dealers and be separate from the mass-market line, Pacific Cycle, InStep, Playsafe and Roadmaster. Read the VeloNews story HERE. 

July 12, 2006 - RECALL NOTICE: Shimano Quick Release Skewers - Shimano, in coordination with the Consumer Product Safety Commission, has voluntarily recalled approximately 8,500 front wheel quick release skewers produced after November 1, 2005. The recall affects 105, Ultegra, DuraAce, XT, XTR and other product lines. For complete details see Shimano's Recall Notice or the one posted on the CPSC's Web Site. Please note that bike shops or dealers who sold bikes or hubs with the recalled skewers will not necessarily be contacting customers; therefore, do yourself a favor and check your skewers to see if you're affected by this recall.

JUNE 22, 2006 - RECALL NOTICE: Specialized S-Works Carbon Stem - As reported by Bicycle Retailer & Industry News, the U.S. Consumer Product Safety Commission and Specialized announced a voluntary recall of about 2,700 Specialized bicycles fitted with S-Works carbon stems featuring magnesium faceplate. The faceplates on the recalled stems can crack and allow the handlebar to break off the bicycle, posing a serious fall hazard. Specialized has received five reports of the magnesium faceplate exhibiting cracks. No injuries have been reported. You can read more about the recall at the CPSC Website HERE.

Jun 20, 2005 - - Nashbar Direct Announce Recall of Bicycle Trailers - In cooperation with the U.S. Consumer Product Safety Commission (CPSC), Nashbar Direct, of Canfield, Ohio is voluntarily recalling 300 Nashbar 2005 Lil' Shadow Tandem Trailers. The bicycle trailers can become unstable when changing directions due to incorrectly assembled hitch mechanisms, posing a risk of injury to the riders. Link to CPSC Notice is here: http://www.cpsc.gov/cpscpub/prerel/prhtml05/05581.html

Jan 27, 2005 - Shimano has recently become aware of a potential problem with Road Brake Cables sold as after market product and is conducting a voluntary recall. Please read the following for details: http://bike.shimano.com/publish/content/cycle/sac/us/en/news_and_information/news/shimano_recalls_aftermarket.html

May 6, 2004 ­ Shimano Issues Recall On SM-SL92 Cleats - Shimano, in cooperation with the Consumer Produkt Safety Commission, has issued a formal product recall on the SM-SH92 cleats sold as after market. The cleats are compatible and are designed to be used with all Shimano SPD-R pedal models - PD-7700 / 7701 / 6680 / 6601 / 5500 / R53. You can read the formal recall notice at Shimano's Web site here: http://www.totalbike.com/news/article/870/

Mar 3, 2004 - Advanced Transportation Products, aka Vision, Has Apparently Gone The Way of the DoDo Bird - While rumored to be out of business, an eagle-eyed Double Vision owner -- Roman Myszczak of the Chicago Area Tandem Society (CATS) -- found a link to an auction of what appear to be ATP's capital assets. The first indications that Greg Bower's Advanced Transportation Products (ATP) in Seattle, WA, had closed up shop were unanswered Emails, a dead Web site, and lots of discussions regarding their status on the recumbent forums. The folks at Bicycle Retailer & Industry News are trying to put together a story on "what happened" but as of yet have not been able to contact any of ATP's principles. As I think back on this year I'm reminded that in August of 2002 another recumbent manufacturer -- Bike E -- unexpectedly closed up shop. While the feeling is that recumbent sales are still strong, one has to wonder what the future holds given the demise of these two, relatively recognizable brands.

Apr 08, 2003 - (PRNewswire) Cannondale Acquired By Pegasus Partners II, LLP - (BETHEL, Conn., April 8 /PRNewswire-FirstCall) -- Cannondale (BIKEQ.PK) announces that on March 28, 2003 the U.S. Bankruptcy Court for the District of Connecticut (Bridgeport Division) approved the Asset Purchase Agreement by and between Cannondale and Pegasus Partners II, L.P. ("Pegasus"). Pursuant to the terms of the Asset Purchase Agreement, substantially all of Cannondale's assets, including the Company's bicycle and motorsports divisions are to be purchased by affiliates of Pegasus. The sales of the assets of both divisions were conducted pursuant to an auction under Section 363 of the United States Bankruptcy Code and will be sold free and clear of all liens, claims, interests and encumbrances. The Company anticipates closing the asset purchases prior to the end of April 2003. http://news.findlaw.com/prnewswire/20030409/09apr2003221640.html

Jan 30, 2003 - (cannondale.com) Cannondale Files Voluntary Chapter 11 Petition - (Bethel, CT - 1/30/03) Cannondale Corporation (Nasdaq: BIKE) filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code late yesterday. The Company had announced its plans to file earlier in the week. According to industry insiders, Cannondale will resume bicycle and apparrel production and shipments by late this winter. Read Cannondale's Press Release Here: http://www.cannondale.com/company/investor/013103.html

Aug 29, 2002 - (Bicycle Retailer) Recumbent Manufacturer BikeE Shuts Down With Little Notice - Bob Brown, president, cited increased operating costs for the shutdown. BikeE was the largest recumbent bicycle manufacturer in the US having sold 30,000 bicycles since 1992, including sales of nearly 10,000 units last year. To read the whole story, visit Bicycle Retailer & Industry New's Web site by clicking HERE.

Jul 27, 2002- (Bicycle Retailer) Attention Avid Disc Brake Users - Avid has issued a caution to its retailers and customers regarding a potential hazard. Specifically, if too much of the brake cable is left sticking out past the cable anchor bolt it could be pulled into the caliper by the rotor, resulting in a wheel lock situation. If you have Avid's discs to your road or off-road tandem, please check and be sure that your excess cable has been trimmed back enough to keep it clear of the rotor. To read the item at Bicycle Retailer & Industry News click HERE

Jul 24, 2002 - (DF) CPSC, Cane Creek Announce Recall of Bicycle Suspension Seat Posts - In cooperation with the U.S. Consumer Product Safety Commission (CPSC), Cane Creek Cycling Components (Cane Creek), of Fletcher, N.C., is voluntarily recalling about 7,700 bicycle suspension seat posts. The seat post's cradle, which attaches to the bicycle seat, can break, posing the risk of falls and serious injury to riders. Cane Creek has received 18 reports of cradles breaking; though, no injuries have been reported. The recalled THUDBUSTER Suspension Seat Posts are black and silver and have a range of serial numbers between 10894 and 18710. The serial number can be found inside the seat post's tube toward the bottom of the post. The words, "Cane Creek" and "Thudbuster" are also printed on the seat post. The seat posts are made in the U.S. Independent bicycle dealers nationwide sold these seat posts between November 2000 and June 2002 for about $140. Consumers should stop using these seat posts immediately and return them to the company for a free repair. Consumers should contact Cane Creek Cycling Components at (800) 234-2725 between 8:30 a.m. and 5:30 p.m. PT Monday through Friday .

Jun 02, 2002 - (T@H) Vision Recumbent Bicycles Issues Inspection Notice For All Double Vision Tandems - On May 30, Vision Recumbent Bicycles reported a third tandem frame failure and in this regard requests all current owners immediately inspect their tandems for signs of potential trouble. Further, they urge owners NOT to ride their tandems until the inspection is completed. For complete details visit Vision's Web site Inspection Information Page.

May 20, 2002 - (TTL) Ventana Beefs Up Rear Swingarms To Meet Demands Of Larger Disc Brakes - Ventana Mountain Bikes USA, Inc. has redesigned the drop-outs of it's 2002 model year El Conquistador full suspension tandem mountain bikes and initiated a retrofit program for all current owners. According to Sherwood Gibson at Ventana, "we have had a couple of failures of our 2002 swingarms at the left rear dropout for El Conquistador owners using 8" disc rotors." Ventana is now in the process of replacing all 2002 El Conquistador swingarms under warranty, regardless what size disc is being used. Owners of 2002 El Conquistadors -- readily identifiable by rear swing arms fitted with quad-set sealed bearings -- are asked to contact Ventana by Email at: Info@VentanaUSA.com , or by Phone at: 916.631.0544 for additional details. Prior model year El Conquistador frames and the El Testigo frames are unaffected.

Feb 22, 2002: (Bicycle Retailer) Bike E Recalls 13,000 Bikes / E2 Tandem Included - Bicycle Retailer reports that Recumbent maker Bike E is recalling more than 13,000 bikes for replacement of the seat slider. The recall effects several Bike E models including the 2000 and 2001 E2 Tandem. Update: Aug 29 - Unfortunately, you'll note that BikeE closed its doors on August 29. Owners and former dealers are now on their own.

Nov 16, 2001 - (Bicycle Retailer Editorial Staff) Pacific Cycle Recalls Ally Cat Tandem -Pacific Cycle is recalling 2,500 Ally Cat tandem bicycle accessories. The aluminum hitch connecting the tandem accessory to the host bicycle can fail, company officials said. Pacific Cycle received one report of the connection failing, resulting in abrasions to the rider. Full Article HERE

Where Can You Find Other Recall Notices That May Pertain To Your Tandem And/Or Bicycles?

From time to time manufacturers of bicycle products will issue a recall notice regarding a product. How you find out about it is another issue altogether. FWIW: Here are some links to sites where bicycle related recall notices are cataloged:

http://www.totalbike.com/recalls/

http://www.bikehighway.com/recalls.htm

Consumer Product Safety Commission (Home Page)


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