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Tucano Urbano Acquired by Italian Brand Mandelli Group

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Tucano Urbano is an Italian clothing and accessories brand for all things two-wheels, dedicated to a growing European clientele.

Founded in 1999, the Milan-based brand has spent years dedicating their retro line to an urbanized crowd that wants to flaunt that extra style.

a view of advertisement for Italian clothing company Tucano Urbano

The company supplies airbag vests, jackets, gloves – even leg covers for those rainy days that come hand-in-hand with living in the Central Hemisphere.

And with Tucano Urbano’s 2021 profits already exceeding €15M ($17.8M USD), they haven’t done half so bad for themselves.

a view of a Tucano Urbano store

Now, the line is being acquired by none other than Mandelli – an Italian company founded in 1945 and based in Carate Brianza, currently in the business of producing Brera bicycles and accessories and clothing for the moto-inspired crowds.

According to a report from RideApart, Mandelli acquired Tucano Urbano when they bought out Consilium SGR – a major stake-holder for Tucano Urbano. 

A blurb from Fineurop Soditic: Fineurope Soditic acted as exclusive financial advisor to Consilium SGR in the sale of Tucano Urbano S.r.l. to Mandelli S.r.l. Based in the outskirts of Milan and established in 1999, Tucano Urbano is a leading player in the clothing and accessories sector for motorcycles and scooters in Italy, with an expected 2021 turnover exceeding Euro 15 million. Its product offer includes weather protection systems, clothing, gloves, rain gear, helmets and other accessories mainly dedicated to urban motorcyclists. Tucano Urbano serves over 1,000 customers, with a consolidated presence on the Italian market and on the main European markets including France, Spain and UK. Mandelli is part of a Group founded in 1945 and based in Carate Brianza (MB). The Group is active in the two-wheeler sector and operates in the European market as a manufacturer of bicycles and accessories under the Brera brand as well as clothing and accessories for motorcyclists. The Group employs around 250 people and expects to post consolidated revenues of over Euro 60 million with an EBITDA margin of around 12%. Mandelli and Tucano Urbano complement each other in their respective competences. The synergies between the companies will allow the Group to achieve a solid path of growth and further consolidation on the reference markets.
Credit: Fineurop Soditic.

Now, with consolidation on the horizon, Marco Biollo will become the new Board of Directors Chairman for the merging of the two companies, with Tucano Urbano CEO Diego Sgorbati retaining his position. 

Both Biollo and Sgorbati have released the following in a joint statement:

Valentino Rossi in his 2020 garb

“Mandelli and Tucano Urbano are very successful realities and complement each other in their respective competencies. The synergies between the companies will make it possible to achieve a solid path of growth and further consolidation on the reference markets.”

a view of the store of Tucano Urbano

Looking forward to what the future holds for Mandelli and Tucano Urbano – and stay tuned for all things two-wheeled.

Source: MotorbikeWriter.com

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