Raleigh Bicycle Company the mid-1960s, TI–Raleigh owned Brooks (one of the oldest saddle makers in the world), Sturmey-Archer (pioneer of 3-speed hubs), and Reynolds (maker of 531 tubing). Carlton, which had been unable to make inroads in the USA market after a failed rebranding deal with Huffy, found success in the late 1960s by recasting itself as "Raleigh-Carlton", a Raleigh-logo'd bike with some Carlton badging, and using the US dealer network to import and distribute bikes. The Raleigh Chopper was designed by Nottingham native Alan Oakley, though this has been disputed by Cambridge designer Tom Karen. The Chopper was patented in the UK
Trek Bicycle Corporation Trek discontinued the Exercycle line, spinning off its fitness division into an independently-owned company, renamed Vision Fitness. In 1995, Trek introduced its full suspension Y bike, a departure from traditional bike design. The Y bike sold well, and won an "Outstanding Design and Engineering Award" from "Popular Mechanics" magazine. Also in 1995, Trek made a number of business moves in order to diversify its product offering and gain market share, acquiring Klein Bicycles, a Chehalis, WA, manufacturer of premium aluminum-framed bicycles, as well as Bontrager Cycles, a Santa Cruz, CA-based manufacturer of bicycle components and hand-built steel frames. Trek also