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Bicycle Racing News and Opinion,
Sunday, October 28, 2018

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2018 Tour de France | 2018 Giro d'Italia

Those who can make you believe absurdities can make you commit atrocities. - Voltaire

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Belgian Jasper Philipsen joins UAE Team Emirates

The team sent me this release:

UAE Team Emirates will build its young riders group with the most talented of them all, Jasper Philipsen. The 20-year-old Belgian, courted by many other teams, sighed a two-year contract with the Emirates formation after seeing the plan to develop his career.

Born in Mol, March 2, 1998, Philipsen debuted in this season in professional cycling with Team Hagens Berman Axeon. He racked up victories and places. He took his first among the professional ranks at the Salt Lake City stage at the Tour of Utah (HC-ranked).

Jasper philipsen

Jasper Philipsen gets a close win in stage four of the 2018 Tour of Utah

In the Under 23 ranks beforehand, he won two stages in the Giro d’Italia (one in 2017 and one this year), the Triptyque des Monts et Chateaux in 2017 and 2018, the 2017 Paris-Tour, and a stage in the 2017 Tour Alsace. He placed runner up in the 2017 Tour of Flanders.

His strength, speed and natural talent will allow him the possibility to be competitive in many races, including the northern classics.

“It’s a great honour to join UAE Team Emirates, I’m sure that this team will be the best possible way for me to develop my young career,” Philipsen said. “I sensed right away the faith that the whole team has in me, I think I’ll be able to benefit a lot from this team project to show my best in the next years.“

Hayes Performance Systems buys Reynolds Cycling

Bicycle Retailer & Industry News sent me this:

SALT LAKE CITY (BRAIN)—Hayes Performance Systems has bought Reynolds Cycling and said it will aggressively offer dealers three levels of carbon wheels with average aftermarket margins of 40 percent.

Darren Campbell, president of the Hayes Bicycle Group, said the purchase, announced Wednesday, offers the group a complete line of carbon wheels for all types of cycling.

The purchase also bolsters its wheel offerings for OEMs as well as aftermarket sales when combined with SUNringlé, its alloy line of mountain bike rims "Reynolds is a leader in the carbon fiber wheel market, with extensive carbon engineering expertise, company-owned manufacturing production facilities, and a premium brand innovation position," said Campbell, a 22-year veteran at Hayes.

Campbell, 44, cut his teeth at Hayes, engineering its first disc brake system for bicycles in 1997. "I put the first production run in the trunk of my car and drove it to Trek," he said.

Hayes has corporate offices in Mequon, Wisconsin, and has offices in Asia and Europe with some 400 employees worldwide. It manufactures brakes, suspension systems, wheels and components for mountain bikes, motorcycles, power sports, the turf care, agriculture and construction markets.

Its other bicycle brands include Hayes disc brakes, Manitou, SUNringlé, ProTaper and Wheelsmith.

Scott Montgomery, who managed the sale for Reynolds' owners, will continue with the company. He declined to reveal the price, quipping, "It was a billion dollar sale. It was huge."

Both Reynolds and Hayes are privately held. Maclean-Fogg Investment Partners, a Chicago firm, has owned Reynolds since 2007. The company has deep roots in the automotive and power utility markets.

The company bought Reynolds to learn more about carbon fiber engineering and manufacturing, Montgomery said. Maclean-Fogg has also made carbon fiber hoods for GM's Corvette line of sports cars.

Maclean-Fogg is a privately held company with more than $1 billion in annual revenue. It has offices in Mundelein, Illinois, and employs 3,200 people worldwide. It has 26 manufacturing sites worldwide.

You can read the entire story here.

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