More shakeups in the bike industry, this time in the form of a legendary composite maker being acquired. ENVE ownership is back in the U.S.
It’s been a tumultuous few weeks in the cycling industry lately. First it was the news of Kona setting up at Sea Otter, then immediately tearing down leading to news thatNow, we get big news from ENVE Composites, though from the outside, it seems like good news. The brand announced today that they are in process of being acquired by PV3 Investments, which is the family holding company of cycling enthusiast, Mark Hancock.
In 2016, ENVE moved into its Ogden, Utah based headquarters. The 80,000 square foot building houses engineering, R&D, manufacturing, sales, marketing, customer service, and finance functions that provide employment opportunities to the local community. PV3 is dedicated to maintaining ENVE’s heritage as a Utah-based manufacturer and leader in composites technology.
Mike Stimola was brought on by Amer Sports in January 2023 and will continue in his current role. With the acquisition complete, ENVE’s operations will continue as normal.
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