Mandelli acquires Tucano Urbano
Italian bicycle and motorcycle/powersports components and G&A distributor Mandelli S.r.l. has acquired the controlling shareholding in Milan based Scooter and Urban accessory, gear and apparel specialist Tucano Urbano.
 |
| "Seen here at EICMA in November 2019, Tucano Urbano celebrated its 20th anniversary last year with updates to its new 'T.ur' CE certified gear and apparel brand. |
This is at least the second time that Tucano Urbano has changed hands since it was founded in Milan in the late 1990s, this time being bought from Italian private equity investor and majority shareholder Consilium SGR.
Mandelli has additionally acquired the stake owned by other minority shareholders and at this stage it is thought that it will leave the company at its present base at Peschiera Borromeo in Milan - at least for the time being.
Tucano Urbano has an expected turnover exceeding € 15m in 2021 and sells to over 1,000 dealers in Italy, France, Spain and the UK.
 |
| Marco Biollo, CEO of Mandelli and new Chairman of Tucano Urbano |
Marco Biollo will be the new Chairman of the Board of Directors, while Mr. Diego Sgorbati, at Tucano Urbano since 2016, will stay on as CEO.
"Mandelli and Tucano Urbano are both very successful businesses and complement each other in their respective specialties," say Biollo and Sgorbati. "The synergies between the companies will allow a solid path for growth to be built and further for consolidation in each of both businesses' respective markets."
The Group, of which Mandelli S.r.l. is part, was founded in 1945 in the Monza area north of Milan and is active in the motorcycle and broader powersports markets (ATVs) as well as being a major 'player' in Italy's bicycle sector.
Mandelli manufactures bicycles and bicycle accessories under the "Brera" brand of clothing and accessories for motorcyclists, as well as distributing an impressive third-party brand line-up that includes the likes of Oxford Products, Dell'Orto, Regina chain, Airsal and Shad (Spain), Domino, Brenta brake pads by Frenotecnica, Ipone oils, Jasil (Portugal), Centauro, and more.
Mandelli employs around 250 people and is expected to make € 60m in sales this year at a 12% Ebitda margin.
www.tucanourbano.com
www.mandelli.net
