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Cardinal Cycling Group acquires TIME SPORT‘s bicycle business and signs an exclusive distribution agreement with Alternativsport for France.
Source: Press Release / Photo credits: Alternativsport
The Rossignol Group has finalized the sale of TIME bicycle frames and its Resin Transfer Molding (RTM) carbon production facility to Cardinal Cycling Group. The transaction includes all bicycles and frames, the brand license, and intellectual property. TIME pedal and shoe activities are not included in this sale.
Cardinal Cycling Group is a Franco-American investment and management group focused on the cycling industry, led by Frenchman Martial Trigeaud, an industrial engineer and former Elite cyclist, and American Tony Karklins, founder of Allied Cycle Works and former CEO of Orbea USA.
“Having grown up in France, cycling has always been a part of my life. I have always had a strong passion for TIME because this brand, through its history, is a heritage of French cycling worldwide. I am honored to become its ambassador and shape its future,” said Martial Trigeaud, CEO of Cardinal Cycling Group.
“We are extremely proud and motivated by TIME’s arrival at Alternativsport. A brand with French DNA, where quality and performance will continue to delight many enthusiasts. There is a very strong synergy and complementarity with the other component and accessory brands distributed by Alternativsport (Rotor, Profile Design, Supacaz, Lake, Repente, Spatzwear, Xplova, CyclingCéramic, Ism, Ridefarr, QmSport, Chimpanzee, Cingomma). Reseller partners are at the heart of our attention, and everything will be done to continue to offer them the best. We are happy and eager to contribute to TIME’s development in France,” declares Frédéric Torres, owner of Alternativsport.
The first shipments will be set up this week, and all orders related to TIME bicycles and frames will be managed by Alternativsport in France. Alternativsport will be the exclusive distributor of TIME bicycles and frames.
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