Taichung, Taiwan – On September 18th, renowned Taiwanese bicycle component manufacturer Glory Wheel Enterprise Co., Ltd. (GW) hosted a grand M&A signing ceremony in Taiwan’s bicycle industry hub, Taichung City, to officially announce its acquisition of leading bicycle accessory brands, Spank Industries and Fratelli Industries.

This acquisition marks a significant milestone for Glory Wheel Enterprise, representing a breakthrough in the global bicycle industry and reinforcing its leadership position in the high-end bicycle components market. Looking ahead, Glory Wheel Enterprise aims to expand its influence in the global bicycle market and strengthen its competitive advantage in the premium bicycle accessories sector.

At the event, the Chairman of Glory Wheel Enterprise, Charles Lee, expressed his enthusiasm: “We are thrilled to welcome Spank and Fratelli into the GW family. Both brands have established strong reputations and loyal customer bases in the market. By combining our resources and expertise, we will be able to deliver even more exceptional products and services to the bicycle industry.”

Spank and Fratelli are known for their innovative and high-performance bicycle accessories. This acquisition will further diversify GW’s product offerings to meet the growing demand in the market, while maximizing the advantages of both companies in technology, research and development, and market positioning. Leveraging its robust supply chain and manufacturing capabilities in the Asia-Pacific region, GW will amplify Spank & Fratelli’s international reach and accelerate the global promotion of innovative products.

The signing ceremony brought together industry professionals and media representatives from various sectors of the bicycle community, who gathered to witness this significant moment. GW hopes this acquisition will enhance its brand image, accelerate its competitiveness and market share in the global market, and inject new momentum into the global bicycle industry. It also aims to provide cycling enthusiasts worldwide with higher-quality, more innovative products.