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In 1993, Richard Schwinn, great-grandson of Ignaz Schwinn, with business partner Marc Muller, purchased the Schwinn Paramount plant in Waterford, Wisconsin, where Paramounts were built since 1980. They founded Waterford Precision Cycles, which produced the Paramount for Schwinn until September 1994 when the line was retired. [7] [8]
In 1993, Richard Schwinn, great-grandson of Ignaz Schwinn, with business partner Marc Muller, purchased the Schwinn Paramount plant in Waterford, Wisconsin, where Paramounts were built since 1980. They founded Waterford Precision Cycles, which ceased operations in 2023. [60]
The company was operated by Richard Schwinn, [1] formerly of Schwinn Bicycle Company, and business partner Marc Muller. Schwinn (great-grandson of Ignaz Schwinn, who founded Schwinn Co. in 1896) was vice president of production for Schwinn Co., and Muller worked for Schwinn as a designer of the company's hand-crafted Paramount racing bikes.
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They opened a small bicycle shop, repairing and selling Schwinn bicycles. They invented a swivelling bicycle repair stand that held a bike off the ground. In 1963, after introducing the stand to the Schwinn Bicycle Company and building stands for Schwinn dealerships, they started a bicycle tools business they named Park Tool . [ 2 ]
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Fisher went to work in 1974 on his 1930s Schwinn Excelsior X Bicycle. His innovations to the model included drum brakes, motorcycle brake levers and cables, and triple chain–rings, all taken from "junkers" Fisher found at bike shops.
Ignaz Schwinn (April 1, 1860 – August 31, 1948) was a German-American bicycle designer, who co-founded, and eventually owned, the Schwinn Bicycle Company. He was born in the town of Hardheim , Grand Duchy of Baden , in 1860.