This is what happens when a company like Dorel outsourced a production to Taiwan resulting in unemployment and lower quality in my own opinion. I will never buy a modern Cannondale, I would rather buy a vintage one roadbike model the last year of the made in USA Cannondale. In 2004, Dorel acquired Pacific Cycle, a company that designs, markets, and distributes branded bicycles and other recreational products. In February 2008, Dorel purchased the Cannondale Bicycle Corporation and SUGOI Performance Apparel. In July 2009, Dorel announced its acquisition of Iron Horse Bicyles. In August 2013, Dorel announced its acquisition of Brazil-based Bicicletas Caloi S/A.
Dorel marketed its sports products under the brand names of Cannondale, Schwinn, GT Bicycles, Moongoose, Caloi, Ironhorse,Roadmadter, SUGOI (sold to Garneau June 2018), and Fabric. In October 2021, Dorel Sports was sold to Dutch Pon Holdings. Who is Pon Holdings? Pon Holdings BV is a Dutch conglomerate in the transport sector. It was founded in 1980 by
Ben Pon, Jr., a former racing car driver and son of
Ben Pon, Sr., who became the importer of Volkswagen in the Netherlands in 1947. As of 2021 it is still owned by the Pon family.
It is one of the five largest bicycle manufacturers in the world, and owns bicycle brands Caloi, Cannondale, Cervélo, Derby Cycle (owner of Focus), GT, Gazelle, Iron Horse, Kahlkoff, Mongoose, Santacruz, Veloretti and Schwinn, among others.