SoCal’s Wabi Cycles gets new owners, relocates

By Stephen Frothingham

TULSA, Okla. (BRAIN) — When friends Matt Gragg and Curtis Kline decided to buy a business earlier this year, they looked at options in several industries, including a brand that makes packs for wildland firefighters and a company that manufactures fire trucks.

With backgrounds in manufacturing, Gragg and Kline were looking specifically for a product that had a good following but hadn’t been marketed very well. When they saw fixie brand Wabi Cycles, which Richard Snook founded in Los Angeles in 2009, listed for sale, they called immediately, even though neither had a strong cycling background.

“We had a meeting two days later with Richard,” said Kline, who previously worked for a small company that made oilrig equipment. “One of the first things he asked was why we wanted to buy a bike company. But I think our backgrounds in manufacturing a niche product for small company made bikes interesting to us. Even though we came from an unrelated industry, we were able to provide a great product, great service and had a good relationship with customers—and I think that appealed to Richard.”

The deal was closed in May and Kline and Gragg traveled to LA to learn the …read more

Via:: Bicycle Retailer and Industry News