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Bologna, 12 December 2008 – 14 years of courtship and 14 months of negotiations before the big day: on 1 September 2008 Tenneco, US-based world leader in emissions and ride control systems for the automotive sector, completed the acquisition of the suspensions division of Marzocchi, the Bolognese group with 60 years of specialist experience in the manufacture of suspension systems for motorcycles and mountain bikes. The result is the creation of a colossus in terms of unique experience and know-how: Tenneco (based in Lake Forest, Illinois), with annual sales in the order of US$6.2 billion, and 21 thousand employees worldwide, is one of the world's top designers and distributors of shock absorbers, suspension components, exhaust systems and catalysers for the original equipment market and the aftermarket. Marzocchi, with annual turnover of around €50 million, is a supplier to many prestigious manufacturers including BMW, Ducati, Harley Davidson, MV Agusta and the Piaggio group.
What made Tenneco choose Marzocchi? In the words of Marzocchi's president
Paolo Marzocchi. "First of all there's our prestigious brand image, associated
with high-end products addressed to young enthusiasts seeking top performance
in off-road cycling and all-round motorcycle riding. Tenneco was vying to extend
its field of operations, securing customers also in the principal mountain
biking age group". By acquiring Marzocchi's suspension division the US
giant can "reach out to mountain bikers and motorcycle enthusiasts, while
Monroe, the other prestigious suspension brand owned by the US group, ensures
excellent penetration among motorists".
Not just suspension systems: the collaboration resulting from the acquisition
allows the company to offer its customers – primarily in the motorcycles
sector – an integrated product range from suspension systems to exhausts
and catalysers.
Incorporated in 1949, the Italian company, based in the Zola Predosa district
of Bologna, immediately started manufacturing motorcycle suspension systems,
liaising with top riders from the World Motorcycle GP and the Dakar rally,
and subsequently turned to address the needs also of automakers by manufacturing
master cylinders for several prestigious marques, including Ferrari and Lamborghini.
In the late 80s the Bologna company embarked on the development of a range
of products for the mountain bike sector, in line with the tenets of a new
mission: to bring motorcycle sector technology and manufacturing processes
to the world of bicycles.
Chief sales and marketing executive Andrea Pierantoni explains that, with the
integration with Tenneco, which will continue to manufacture products for the
motorcycles sector at the Bologna plant, Marzocchi "increases its market
penetration capacity, thanks to the group's extensive sales and service network,
especially in countries in which we previously lacked an official distributor".