Trek cuts ties with Armstrong

By STAFF Thursday, Oct. 18, 2012

Following in the lead of Nike, Trek Bicycle terminated its relationship with Lance Armstrong, saying the decision was based on the conclusions in the USADA report, according to a story in Cycling News.

The Wisconsin company, which is based in Waterloo, has a plant in Whitewater.

Trek issued a statement issued late Wednesday, saying: "Trek is disappointed by the findings and conclusions in the USADA report regarding Lance Armstrong. Given the determinations of the report, Trek today is terminating our long-term relationship with Lance Armstrong. Trek will continue to support the Livestrong Foundation and its efforts to combat cancer."

Trek legal spokesman Bill Mashek said Armstrong still retains a small share of the company.

Before Armstrong, Trek had a licensing agreement with three-time Tour de France winner Greg LeMond.

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