Specialized Bicycle is an American company that designs, manufactures, and markets bicycles, bicycle components, and related products under the brand name “Specialized”, as well as the premium and professional-oriented “S-works”.
Who owns Specialized Bikes?
Mike Sinyard, founder, and owner of Specialized is one of the founding fathers of mountain biking and a man at the helm of a bicycle company that now measures its annual turnover in eight figures. Many people have played a role in mountain biking’s history, but few can claim to have influenced the sport as profoundly as Mike Sinyard has done.
By producing the Stumpjumper in 1981, the fledgling Specialized Bicycle Components introduced the world to the very first production mountain bike. Suddenly riding off-road was a whole chunk more affordable – and the course of cycling history was altered.
Mike had an early introduction to the joys of cycling, courtesy of his father. “My dad was a machinist,” he explains, “so we’d buy bikes at flea markets, paint ’em up and sell them on. I did that at college, built up bikes for people, and sold them.
In 2001, Merida Bikes of Taiwan bought 49% of Specialized for a reported US$30 million. Mike Sinyard remained the majority owner and CEO of the company. As of 2016, Specialized is one of the biggest bicycle brands operating in the United States, alongside Trek Bicycle Corporation and Giant Bicycles.
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