Specialized Bicycle Components Costco. The move angered some Specialized dealers. In 1996, Specialized withdrew the Full Force line and Mike Sinyard wrote a letter of apology to dealers. By the end of 1996, Specialized had lost 30% of its bike shop sales and, according to Sinyard, "came within a few hundred dollars of declaring bankruptcy". In 2001, Merida Bikes of Taiwan bought 49% of Specialized for a reported US$30 million. Mike Sinyard remained majority owner and CEO of the company. , Specialized is one of the biggest bicycle brands operating in the United States, alongside Trek Bicycle Corporation and Giant Bicycles. In 2012
CCM (bicycle company) CCM (bicycle company) CCM was an initialism for Canada Cycle & Motor Co. Ltd. The company would eventually split into two separate entities both maintaining the CCM trademark, one maintaining bicycle manufacturing and the other, CCM (The Hockey Company), producing hockey equipment. The formation of C.C.M. came at the same time as an American bicycle industry consolidation: "42 manufacturers formed the American Bicycle Company and soon afterwards announced plans to open a branch plant in Canada called the National Cycle Company." C.C.M. was established "when the operations of four major Canadian bicycle manufacturers amalgamated: H.A. Lozier, Massey-Harris, Goold, and Welland