Mad Fiber on verge of bankruptcy

[Sportsworld.co.za]

Just read on Bikeradar that Mad Fiber have stopped production and are on the verge of bankruptcy.

 

"Exotic composites wheel manufacturer Mad Fiber has stopped production and could be on the verge of bankruptcy after just fours years of business.

 

The company's chief financial officer Russ Riggins told Bicycle Retailer that the firm had shut down production several weeks ago.

 

And Ric Hjertberg, who co-founded the company in 2009 said on his blog that he left as the business began "choking on a series of decisions in which I was not involved."

He said the company will "go to bankruptcy" shortly.

 

Seattle-based Mad Fiber developed a reputation for developing a novel approach to wheel-building. Their first road wheelset weighed 1075g.

 

Earlier this year, Mad Fiber released wheels with new spoke patterns, freehub designs and design options."

Edited November 1, 2013 by Sportsworld.co.za

[Eldron]

That is really sad - I love MadFibre's approach to the wheel. Dead sexy and uberbling.

 

Losing them would be a real pity!

[Sportsworld.co.za]

Yep, I happen to like small companies that buck the norm and do things differently.

[Madlight]

Hmmmm, no comment... I have seen a pair delaminate down a hill. But then again, it has been known to happen to most brands of carbon clinchers.

 

And they do look awesome.

[GaryvdM]

Hopefully the patents will be sold so someone who will continue to manufacture them.