Wilmington, Del.-based bicycle designer and manufacturer Blue Bicycles said it will move to Orange County by the end of the year and that its current chief executive, Steven Harad, has resigned and will remain with the company for 90 days to assist in the transition.
The company said it expects to announce a new chief executive soon.
Blue Bicycles will release an expanded 2016 line in the next few weeks.
It designs its bikes in the U.S. and manufactures them in Taiwan.
The company spent almost two seasons off the market in 2012 and 2013 after an unsuccessful merger with the now-bankrupt Divine Cycling Group.
Providence-based Lake Rudd Capital Partners previously purchased the former Blue Competition Cycles from founders Michael and Jay Skop, according to a news report.
It’s now owned by Wilmington-based Minds Group LLC.
