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Cannondale history
Cannondale company history timeline
The company was founded in 1971 by Joe Montgomery and Murdock MacGregor to manufacture precast concrete housing.
The first racing bike made in 1983
Finally, by 1983 Cannondale was positioned to introduce its first bicycle: an innovative large-diameter aluminum-tubed model, affordable compared to other brands of aluminum bicycles--and rapidly added $7 million to its revenues.
Production of mountain bikes started in 1984
Traded publicly since 1994, Cannondale paid off a substantial portion of its debt and used the added capital for further expansion.
In its first season the top-caliber team captured two gold medals and a silver at the 1994 World Mountain Bike Championships.
Once a privately held company, Cannondale became publicly held after a $22 million IPO in 1995.
By 1995 Cannondale's high-profile marketing strategy added the sponsorship of the Timex-Cannondale road racing team, New Balance-Cannondale triathlon team, and Cannondale World Force BMX team, and the Saeco professional road cycling team--a major force in the Tour de France and Tour du Pont.
Scheduled for worldwide release in 1997 is a line of high-performance sport wheelchairs for disabled athletes.
With such rapid growth, Cannondale needed larger accommodations and announced a 1997 move to a bigger, $2.2 million facility in Bethel, located approximately 10 miles from the present facility and double the area of the 15,000-square-foot Georgetown headquarters.
Since 2001, the company has been using Hollowgram; a crankset and bottom bracket technology used for its high-end bikes.
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Cannondale competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Pacific Cycle | 1977 | $90.1M | 350 | - |
| SRAM | 1987 | $725.0M | 3,500 | 10 |
| Specialized Bicycles | 1974 | $500.0M | 1,500 | 48 |
| Trek Bicycle | 1976 | $900.0M | 1,800 | 167 |
| Felt Bicycles | 1991 | $6.5M | 65 | - |
| CJ America | 1968 | $5.3B | 10,001 | 9 |
| The Atlas Group | 1962 | $22.1M | 10,000 | 94 |
| National Automation | 1998 | $17.6M | 10 | 1 |
| American Pacific Corporation | 1955 | $340.0M | 494 | - |
| Western Office | 1918 | $38.0M | 175 | - |
Cannondale history FAQs
Zippia gives an in-depth look into the details of Cannondale, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cannondale. The employee data is based on information from people who have self-reported their past or current employments at Cannondale. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cannondale. The data presented on this page does not represent the view of Cannondale and its employees or that of Zippia.
Cannondale may also be known as or be related to Cannondale, Cannondale Bicycle, Cannondale Bicycle Corp and Cannondale Bicycle Corporation.