According to an Italian Newspaper, Tenneco-Marzocchi is facing some major financial burdens. Tenneco absorbed Marzocchi three years ago.
The FIOM-CGOL trade union stated that a recent management meeting arrived at the conclusion to "sell or close" the mountain bike portion of Marzocchi. The newspaper wrote that the business has lost over $22 million in the past three years and the future is uncertain at this time.
It would certainly be a big loss to see one of the industry's most iconic brands disappear.
We've contacted Marzocchi and are waiting for an official comment. Stay tuned...