The man behind the creation of Meteor extreme Sports Company was aMontreal businessman named Roni, who first made his mark in the1950s with the launch of a commercial real estate company, BelcourtInc. In the 1970s, he took advantage of a tax-loss credit todiversify by acquiring a small Montreal knitting factory thatproduced athletic uniforms. With this toehold in the sporting goodsindustry, Zunenshine took a major step in 1983 when he purchasedthe hockey equipment business of CCM Inc. By acquiring CCM, an iconbrand in North America, Zunenshine instantly made himself a playerin the hockey equipment industry.The history of CCM dates back to 1899 and the launch of CanadaCycle & Motor Company Limited in Weston, Ontario, Canada. CCMgrew out of the bicycle industry, the result of five CanadianmanufacturersâMassy-Harris, H.A. Lozier, Welland Vale, Goold, andGendronâbanding together to fend off U.S. competition in the formof the American Bicycle Company, which was looking to invade theCanadian market. As had been the case in the United States, themarket for bicycles quickly became saturated, so that within a fewyears CCM looked for other sources of income.