TF TUNED GETS NEW OWNERS
Yeah that is right, suspension guru Tim Flooks has sold his business. Tim and his wife Helen, and their company TF Tuned, is world renowned, so this comes as a bit of a shock. From reading the press release below it appears that it is 'business as usual'. More info when we have it:
27th February 2009
TF Tuned Shox to sell for growth
In order to ensure the continued growth of the UK’s leading independent mountain bike suspension specialist, TF Tuned Shox, Tim and Helen Flooks are selling the business. TF Tuned Shox will be acquired by business partners Martin Palmer and Ian Kennedy through their company Tec Frontiers Ltd, specifically set up for this purpose. The sale will complete at the end of March when the business will transfer to the new company.
Tim Flooks will remain with the business as Technical Director and will continue to lead the servicing team. "It’s great to have found new owners in Ian and Martin as they have the commercial experience to continue the successful growth of TF Tuned." said Tim. "I’ll be free to keep our technical expertise and customer service as high as ever, whilst the guys focus on taking the business to its next level. I’ll also be able to ride my bike a bit more!"
Commenting on the acquisition Martin Palmer, one of the two new owners, stated "Tim and Helen and their excellent staff have built a great business. Our plans are not for any major changes, rather to continue what they have started. We intend to ensure that TF Tuned becomes widely recognised as the only place to go in the UK and Europe for all matters relating to mountain bike suspension”. Speaking about the future he added “We are committed to all the existing staff, customers, suppliers and sponsored riders. Our job is to grow the great service on offer via www.tftuned.com and to make sure all serious mountain bikers know about TF Tuned so that they can get the most out of their suspension and riding”.
TF TUNED SUSPENSION ROCK SHOX BOXXER