Italian original equipment manufacturer (OEM) Marzocchi has reportedly been saved from liquidation. The famed Italian suspension brand was facing imminent closure by its American parent company Tenneco sometime last year due to its sluggish performance in the two-wheeled industry.
According to Italian press, Marzocchi was saved thanks to the intervention of the local Italian government in the Bologna district and its highly strong local labour unions, safeguarding the jobs of Marzocchi’s workforce of 70 staff members as a result. Crucially, intervention led to the suspension brand being acquired by specialist Italian automotive engineering firm, VRM SpA.
VRM S.p.A. is a specialist manufacturer of precision metal parts such as chassis components and engine castings. The firm has listed the likes of Ferrari, BMW, Ducati, and MV Agusta as some of its regular customers.
Now in the safe hands of the specialist and local Italian engineering company, VRM’s acquisition of Marzocchi could also bolster its own engineering expertise even further as well. Still, the firm will have quite a challenge ahead if it wants to make Marzocchi relevant once again in an increasingly complicated and competitive suspension industry.