LAKE FOREST, Ill. – Tenneco Inc. has completed the acquisition of the suspension business of Gruppo Marzocchi, an Italian-based worldwide leader in supplying suspension technology and products in the two-wheeler market.
The acquisition was made through Tenneco’s assumption of the debt associated with Marzocchi’s suspension business, which was approximately $15 million as of April 30, 2008. “This purchase brings together strong brands, leading products and advanced technology capabilities that allow us to provide customers with integrated suspension systems, including suspension forks, shock absorbers and elastomers, for motorcycles and other applications,” says Hari Nair, president, International, Tenneco. The acquisition of the Gruppo Marzocchi suspension business includes a manufacturing facility in Bologna, Italy that will be leased by Tenneco; associated engineering and intellectual property; the Marzocchi brand name; sales, marketing and customer service operations in the United States and Canada; and purchasing and sales operations in Taiwan. The Marzocchi brand is one of the leading names in the two-wheeler market with a strong customer base that includes a number of manufacturers like BMW, Ducati, Harley Davidson, MV Agusta, the Piaggio Group, and others. Tenneco also supplies ride and emission control components to this market and its customer base includes providing exhaust systems to Harley Davidson and BMW. |
