Hayes Brake Gets New Owners, New Name
MEQUON, WI (BRAIN)--Hayes Brake's nine-member management team bought the company and renamed it HB Performance Systems. The management team purchased the company June 10 with private equity firm Nautic Partners from The Brenlin Group of Akron, Ohio. Details of the sale were not disclosed.
The company's new name better reflects its range of products, said Rand McNally, HB Performance Systems' president and chief executive officer.
"Our fundamental business objective of delivering high quality, technologically advanced product on time and at a competitive cost to our customers will not waver in the least with this change in ownership," McNally said. "As a matter of fact, having local control over business decisions will make us that much more responsive to our customers and the market."
Over the past five years, Hayes, which is known for its brakes, branched into manufacturing a variety of products and accessories. Future plans include expansion in the motorcycle, bicycle, power sports and off-road markets.
The company's business divisions were also renamed Hayes Bicycle Group, HB Motorcycle Group, HB Powersports Group and HB Specialty Products Group.
Rhonda Kirkwood will head up the bicycle division as vice president and general manager of the Hayes Bicycle Group.
Founded in 1946 in Milwaukee, the company supplies brands like Arctic Cat, Decathlon, Caterpillar, Giant, Harley-Davidson, John Deere, Kona, Polaris, Simplicity, Specialized, Trek and Textron. Its 155,000-square-foot facility in Mequon employs 350 people.
"Our fundamental business objective of delivering high quality, technologically advanced product on time and at a competitive cost to our customers will not waver in the least with this change in ownership," McNally said. "As a matter of fact, having local control over business decisions will make us that much more responsive to our customers and the market."
Over the past five years, Hayes, which is known for its brakes, branched into manufacturing a variety of products and accessories. Future plans include expansion in the motorcycle, bicycle, power sports and off-road markets.
The company's business divisions were also renamed Hayes Bicycle Group, HB Motorcycle Group, HB Powersports Group and HB Specialty Products Group.
Rhonda Kirkwood will head up the bicycle division as vice president and general manager of the Hayes Bicycle Group.
Founded in 1946 in Milwaukee, the company supplies brands like Arctic Cat, Decathlon, Caterpillar, Giant, Harley-Davidson, John Deere, Kona, Polaris, Simplicity, Specialized, Trek and Textron. Its 155,000-square-foot facility in Mequon employs 350 people.
In addition, make sure to read these articles:
- Polaris CEO Named Executive of the Year.
- New owner to update PMC North America.
- Polaris Announces Changes to Management Team.
- Problems with Potential
- New US Air Fare Structure Echoes Some Zone Options
- No satisfaction
- Training adds up
- Seminar Focuses on Improving Incentive ROI
- SITE Membership, Research To Grow Under New CEO
- SITE Chief Calling It Quits, Successor Being Sought
- SITE's Harrington To Step Down As CEO After Just Two Years
- Corp. Spending On Incentives Is Soaring In 2001, New Study Says
- Country Critters and Moose-ical Magic Arrive with New ``There's a Moose on the Loose''...
- SITE Elects New Board Members
- SITE Plans Incentives Road Show
Entertainment Editors/Business Editors/Automotive Writers MINNEAPOLIS--(BUSINESS WIRE)--June 19, 2003 Powersports Business, a trade publication that covers the multi-billion dollar recreational vehicle industry, has named Polaris Industries ......
PMC North America, a re-manufacturer of marine and non-marine powersports engines, has new ownership and a new chief executive, who recently announced some changes. Z ......
MINNEAPOLIS -- Polaris Industries Inc. (NYSE/PSE:PII) today announced management changes in its Snowmobile Division, Consumer Sales and Dealer Development departments, effective immediately. Eric Lindquist, who ......
Planner: We've just completed our annual sales contest and we have twice as many qualifiers as anticipated.
The group and meetings programs at US Airways have remained static despite the recent upheaval—including labor troubles and executive changes (BTN, April 26)—but the implementation ......
As I write this in Toronto, Mick Jagger has cancelled one leg of his European tour to wing his way to this city in crisis....
High-performing employees are the lifeblood of every organization, so companies constantly seek out effective ways to motivate and retain their top talent. According to Watson ......
Incentive managers can study their own programs for return on investment in a new seminar offered by the Society of Incentive & Travel Executives (SITE).
Jill Harrington, the newly appointed executive vice president and CEO of the Society of Incentive & Travel Executives, said she'd like to see the organization ......
Jill Harrington, executive vice president and CEO of the Society of Incentive and Travel Executives, last month announced that she would step down at the ......
New York — After only two years at the helm of the Society of Incentive & Travel Executives, Jill Harrington will step down as executive ......
New York — By a seven-to-one margin, companies that have non-cash incentive programs for employees or dealers/distributors plan to increase their budgets for such efforts ......
Entertainment Editors/Feature Editors PLANO, Texas--(BUSINESS WIRE)--March 15, 2004 Straight from a Texas grandma and her Nashville song-writing friends comes "There's a Moose on the Loose," ......
The Society of Incentive & Travel Executives has elected four new board members, two for U.S. seats, one for the Canada seat and another for ......
A large majority of American corporations don't use any incentive other than cash to motivate employees, and the new president of the Society of Incentive ......
Email
Digg It
del.icio.us
Related Resources
Business Resources
Sponsored Links
Site Map | Contact Us | FAQs | About Us | Media Kit | Reprints | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy
Copyright © 1999 - 2008 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.
© Copyright 2005 Nielsen Business Media, Inc. All rights reserved.
You may not repost, republish, reproduce, package and/or redistribute the content of this page,
in whole or in part, without the written permission of the copyright holder.
Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report? | Article Archives
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Online Business Database | Online Business Information | Email Marketing Lists | Sales and Marketing Solutions | Business Mailing Lists
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.
AllBusiness.com, its parent company D&B, and its affiliates.
