I should clarify this a little. A majority interest in the company was sold. The company relocated to Vermont (where the new majority owner lives) and some of the employees, though not all, relocated there as well.
If anyone is interested in reading about the same, the industry magazine Bicycle Retailer and Industry News did a few articles on the topic.
http://www.bicycleretailer.com/news/...tail/2678.html
and this is an article about their bike distribution agreement with with ASI.
http://www.bicycleretailer.com/news/...tail/3204.html
BTW, my inside sales person at Terry tells me that only some of the saddles are moving to Asia production. And that their apparel will still be largely built in the US. Most of our vendors outsource things like gloves and outerwear to Asia. I looked back at some of their apparel for 2009. Shorts & Tights were USA. Skorts/skirts were Honduras. Jerseys were USA. Gloves were Italy/Pakistan.
Hope that helps!
Susan

