History Specialized was founded in 1974 by Mike Sinyard, a cycling enthusiast who sold his Volkswagen Bus for $1,500 to fund a cycle tour of Europe, where he bought handlebars and stems made by Campagnolo and Cinelli to take back to the US. Sinyard started out importing Italian bike components that were difficult to find in the United States, but the company began to produce its own bike parts by 1976, starting with the Specialized Touring Tire. In 1979, the company started to produce the Allez, a road bike, in Japan. Specialized introduced the first major production mountain bike in the world, the Stumpjumper, in 1981. Specialized continue to produce the Stumpjumper, which, like mountain bikes in general, has evolved significantly since 1981 and now comes in full suspension and hardtail options. An original Stumpjumper is displayed in the Smithsonian Institution in Washington, D.C. In 1989, Specialized introduced the Epic, the world’s first production carbon fibre mountain bike. In the early 1990s, Specialized introduced the Globe line of urban bikes. The line was the subject of a major relaunch in 2009, which sees Globe become its own distinct brand. In 1995, Specialized launched the Full Force brand. Full Force was a lower-end mountain bike brand sold through sports stores and discount retailers such as Costco. The move angered some Specialized dealers. In 1996, Specialized withdrew the Full Force line and Mike Sinyard wrote a letter of apology to dealers. By the end of 1996, Specialized had lost 30% of its bike shop sales and, according to Sinyard, "came within a few hundred dollars of declaring bankruptcy". In 2001, Merida Bikes of Taiwan bought 19 per cent of Specialized for a reported US$30 million. Mike Sinyard remained majority owner and CEO of the company. Specialized is now one of the largest bicycle brands alongside Trek Bicycle Corporation and Giant Bicycles. Many riders in recent years have used Specialized bicycles in the North American and European professional cycling circuits. In 2010, Specialized is the bike supplier to Team Saxo Bank and Team Astana on the UCI ProTour, the latter deal being announced in January 2010 as a result of team leader Alberto Contador’s demands. Specialized has previously supplied teams including Quick Step and Festina. Until 2008 the disbanded Team Gerolsteiner was using Specialized. Specialized bikes also sponsors the University of Georgia and Colorado State University Collegiate Cycling. Three-time world downhill champion, Sam Hill, rides for Monster Energy Specialized. On October 17, 2010 Specialized announced a tie up with Team Columbia-HTC for 2011 and beyond. Specialized will supply the team‘s frames, forks, and helmets. The men will race the S-Works Tarmac for most road races, the S-Works Roubaix for cobbled classics, and the Shiv TT in time trials. The all-new S-Works Prevail and TT3 helmets will protect the riders in road and TT applications, respectively. The women will race on Amira road bikes and Shiv TT bikes for the time trials. Specialized sponsor the following cycle teams:
Specialized sponsor the following riders:
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