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
Trek Bicycle Corporation Void" and refers to Trek's proprietary process for creating carbon structures that exceed aerospace standards. Weighing only , the 5500 frame was the world's lightest production road frame. To make room for its new OCLV manufacturing facility, Trek expanded its Waterloo headquarters again to a total of . 1992 marked another first for Trek: its first full suspension mountain bike, the 9000-series, which featured Trek's T3C (travel is three times compression) suspension system. In 1993 Trek introduced its first OCLV Carbon mountain bike frames, the 9800 and the 9900, which at was the world's lightest production mountain bike frame. In