Tenneco Inc. has entered into a preliminary agreement to purchase the suspension business of Gruppo Marzocchi, an Italian-based worldwide leader in supplying suspension technology in the two-wheeler market. A final agreement and closing on a potential purchase of Marzocchis suspension business is dependent on a number of conditions and the legally-required consultation with the works councils representing Marzocchi employees.
This acquisition would be made through Tennecos assumption of the debt associated with Marzocchis suspension business, which was approximately $15 million as of April 30.
An acquisition by Tenneco of Marzocchis suspension business would leverage the brand, technology and product synergies of the two companies, providing customers with integrated suspension systems (forks, shock absorbers and elastomers) for motorcycles and other applications.
Tenneco is a $6.2 billion global manufacturing company with headquarters in