The news is all over town: Marzocchi is closing down. A press release issued by owning company – Tenneco – states “Tenneco Inc. (NYSE:TEN) announced today its intention to discontinue its Marzocchi motor bike fork suspension business and its mountain bike business, and liquidate its Marzocchi operations.”

Which sounds pretty final.

Except, except… Marzocchi’s Twitter feed says otherwise:

Marzocchi MTB is open for business. Production continues. New product coming for 2016! #marzocchilives — Marzocchi Suspension (@MarzocchiSusp) July 23, 2015

Other tweets suggest it’s being sold, not closing down. The plot thickens… New buyer? Who could it possibly be?

More details as they emerge…

And here’s the original story from 22 July:

In a press release issued today, owning company Tenneco Inc announced that the troubled Marzocchi suspension business will be wound up with the loss of all jobs. The Italian based Marzocchi has 127 employees based in Italy with a around a dozen based in the US and Taiwan.

Tenneco have been looking for a buyer for the troubled Marzocchi suspension business for some time, which has presumably come to nothing resulting in the unfortunate decision to liquidate the company.

The full announcement from Tenneco Inc. follows…

Tenneco Inc. (NYSE:TEN) announced today its intention to discontinue its Marzocchi motor bike fork suspension business and its mountain bike business, and liquidate its Marzocchi operations.

These actions are subject to a consultation process with the employee representatives and in total would eliminate approximately 138 jobs. Tenneco currently employs 127 people at the Marzocchi plant in Bologna, Italy and an additional 11 people in its operations in North America and Taiwan.