News & Updates
04.06.2011 - Bicycle Retailer And Industry News
CHATTANOOGA, TN (BRAIN)—Kirk Pacenti of Pacenti Cycle Design sold his
12-year old company to the investment group, Top Five, also from
The partners formed a new company, NuWave, of which Pacenti Cycle Design
will be a division. Pacenti will remain with the company as vice
president, running day-to-day operations.
“Our Pacenti branded component line is just the beginning. NuWave
intends to become a full service composites supplier to markets like the
bicycle industry,” said Kirt Pacenti, NuWave’s vice president.
The short-term goals of the new company are to reactivate the
Bikelugs.com frame building product line as well as develop a full line
of Pacenti branded bicycle components. Long term, the company is going
to focus most of its energy on developing advanced composite materials
and manufacturing technologies.
“One of our main objectives is to bring high-volume production
processes to low-volume production. We plan to manufacture our composite
products here in the U.S., and by taking advantage of these new
manufacturing technologies, we aim to compete with Asia on price,”
NuWave will be working in close association with another of Top Five’s
holdings, Composite Applications Group (CAG), which is located at the
Oak Ridge National Laboratory. CAG is focused on developing product
applications for carbon fiber and other advanced composites.
For more information, please contact Pacenti at email@example.com