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
Wilderness Trail Bikes of Marin and to market the components that they were producing. In 1988, Patrick Seidler, began working with WTB. This new company focused on licensing technology developed by WTB to mainstream bicycle industry manufacturers. Examples of technology developed by WTB that were produced under license include designs for tires made by Specialized Bicycle Components, the Blackburn B-52 water bottle cage, geometry for the 1987 Trek Bicycle Corporation mountain bike line and the use of Greaseguard in the top-end Suntour XC Pro component group. In 2002, Cunningham and Potts ceased to be part of WTB, leaving Mark Slate as the sole