Cannondale Corporation engages in the manufacture and distribution of bicycles and bicycle-related products worldwide. It manufactures aluminum bicycles, offering approximately 80 models. The company manufactures and sells bicycle models for the adult market in seven major categories: mountain, road racing, sport road, multisport, road warrior, recreational, and specialty. Cannondale also offers a line of men's and women's cycling apparel that ranges from traditional cycling shorts and jerseys to water and windproof shells designed specifically for cold weather cycling. This line includes two main collections, Chrono, a line of apparel for riders of all abilities, and garments for off-road riding. In addition, the company provides bicycle accessories, such as bags, shoes, and other items. Cannondale is owned by Pegasus Partners II, L.P., a private equity investment firm based in Greenwich, Connecticut. The company was incorporated in Delaware in 1971 and is headquartered in Bethel, Connecticut. As of February 4, 2008, Cannondale Corp. operates as a subsidiary of Dorel Industries Inc. (TSX:DII.B).