Oct 1, 2013
© 2013, Roadracing World Publishing, Inc.
From a press release
issued by LeoVince USA
LeoVince USA Purchased by Longtime Executive Vice President Tim Calhoun
Fusetta LLC, doing business as LeoVince USA, has sold its assets to Geared Up Powersports, a California Limited Liability company owned by longtime LeoVince USA Executive Vice President Tim Calhoun.
Geared Up Powersports will continue to do business as LeoVince USA.
Calhoun takes the helm as CEO and President of LeoVince USA.
Richmond, Calif. - October 1, 2013 - LeoVince USA is now under the ownership of Geared Up Powersports, a California Limited Liability company owned by longtime LeoVince USA Executive Vice President Tim Calhoun. The company will continue to operate under the LeoVince USA name, with Calhoun stepping into the role of CEO and President.
Sito Gruppo Industriale, the parent company of the LeoVince family of brands, is standardizing its global expansion operations. The Italy-based Sito has continued to expand its worldwide presence through strategic partnerships with nationally-based distributors. Now, Sito is partnering with Geared Up Powersports in an exclusive distribution agreement.
Since 2004, Fusetta LLC (formerly operated as Sito USA LLC) was the US marketing and sales organization that sold and managed the LeoVince brand for the US and Canadian markets. On June 28th, 2013, Geared Up Powersports purchased the assets of Fusetta LLC under the direction of Calhoun.
Geared Up Powersports will continue to do business as LeoVince USA with no interruptions in its current business operations. For Calhoun, who has run LeoVince USA since its inception over nine years ago, this is the next step toward expanding the operations of LeoVince USA and continuing to expand sales of the LeoVince family of brands throughout the North American market.
“It’s important to Sito to standardize global operations, and it was an exceptional opportunity for myself and the company. Our goal is to continue growing LeoVince USA, which has established itself as a premium source of exceptional motorcycle exhausts and carbon fiber protective pieces in the North American market,” Calhoun says. “This change will have a positive impact for the riders and dealers who have come to expect the quality and care our staff and brand offer. We now have the ability to react swiftly to changing markets, address emerging opportunities and expand our US operation to include additional premium brands.”
LeoVince USA expanded its distribution in 2012, adding a second warehouse in Indianapolis, Indiana, to offer expedited deliveries of products to the eastern United States and improved delivery times throughout Canada. Now, the company has warehouses on both coasts and is poised for increased growth of their distributed brand partnerships. LeoVince will continue its dealer and racing support programs with increased efforts and additional brands to grow both of these key areas going into 2014.
LeoVince USA will be on hand in booth 901 during the AIMExpo, October 16-20, to showcase their full line of products, discuss their dealer and racing expansion, and introduce a number of new brands to dealers and consumers.
For more information about LeoVince products, visit the LeoVince USA website at . To keep up with the latest product and racing news from LeoVince, be sure to like them on Facebook at .
About LeoVince: LeoVince USA, located in Richmond California, is the US distributor of the LeoVince family of products including LeoVince Exhaust and LeoVince Carbon Fiber. LeoVince USA also distributes GPR Stabilizers, Bridgestone Racing Tires, Airoh Helmets, Vortex, BMC Filters, USWE and the innovative new Dion Device. With two locations to serve all of North America most deliveries arrive in three days or less. With innovative dealer solutions and exceptional customer service LeoVince remains one of the fastest growing companies in Powersports. To find out more about LeoVInce visit us at . To learn more about becoming a LeoVince USA dealer call us at (510)-232-4040 or email us at email@example.com.