Cannondale Closing US Production Facilities
Since February 2008 Cannondale has been owned by Dorel Industries, the same company that owns the Schwinn, GT, Mongoose, Pacific and Sugoi brands. Ever since the initial purchase people have been wondering if and when the long-standing US Cannondale production facility in Bedford PA would be closed up in search of cheaper overseas labor. The time has come – Cannondale will cease US production by the end of 2010, moving all production to Taiwan.
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