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Shimano buys apparel unit from Nautilus
23
Apr '08
Bringing premium sports apparel and footwear to its offering of industry-leading cycling and fishing products, Shimano has completed its purchase of DashAmerica Inc from Nautilus Inc announces David Pfeiffer, president of Shimano American Corporation.

Pearl Izumi becomes a wholly owned subsidiary of Shimano's U.S. operations, and will continue to operate from its facilities in Broomfield, Colorado and Kirchzarten, Germany.

“The acquisition brings together two companies started by Japanese families who share a passion for cycling,” said Pfeiffer.

“Both have strong research and development backgrounds, offer industry leading innovations, and share an obsession with quality and performance.

We'll continue to build the respective brands and remain dedicated to the healthy independent dealer networks we've both enjoyed.”

Pfeiffer also noted that Pearl Izumi would be maintained as a stand-alone company with its own management team.

“Pearl Izumi is a leader in the performance sports apparel and footwear market, and we plan to keep them in that position,” Pfeiffer said.

“Pearl Izumi's design expertise creates products for the avid cycling and running enthusiasts and we'll provide Juergen Eckmann (Pearl Izumi's president) and his team with all of Shimano's support and resources needed to continue that tradition.”

Eckmann said the acquisition is a great fit for both companies. “The entire team at Pearl Izumi USA andEurope are excited about opportunities and benefits we gain in becoming part of Shimano,” said Eckmann.

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Courtesy: AWI

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