Waterford Precision Cycles
Waterford Precision Cycles is a bicycle manufacturer based in Waterford, Wisconsin. Waterford produces high-end, custom, hand-built, steel-alloy frame bicycles, particularly road, criterium, stage, track, and cyclocross racing bicyles, that range in price from about $2,500 to $8,500.
The company also owns Gunnar Cycles, which produces slightly lower-end bicycles, including off-road and recreational bicycles, also with steel-alloy frames, that start at roughly $1000 for a frame and fork combination. In addition, it manufactures frames for the Milwaukee Bicycle Co..
The company is operated by Richard Schwinn, 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.