Privately held Marin Bikes has reached agreement for sale to Minestone Limited, a private European-based investment firm, according to an entry at Marin's blog by President and Founder Robert Buckley.
“The acquisition of Marin by Minestone will allow us to strengthen our brand through increased investment in product innovation, marketing and human resources,” Buckley wrote. “We will continue to operate from our Novato headquarters in Marin County, CA designing and testing on the trails and back roads that have inspired us for over 25 years and serve our network of valued dealers. I greatly look forward to accompanying our talented and dedicated staff during this exciting new phase in our company’s history.”