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Cycling Weekly
Cycling Weekly
Sport
James Shrubsall

Longstanding US brand closes, another company makes layoffs

United States
US bike companies.

The challenges faced by the bike industry continue, with two US brands becoming among the first casualties of the new year.

Genuine Innovations, which makes CO2 canisters, has been closed down by its parent company Illinois Tool Works, while Bloomington, Minnesota cycle parts distributor Quality Bicycle Parts has added a third round of redundancies to those it made in 2023 and 2022.

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