Suspension brand Marzocchi has been saved from liquidation, as Tenneco is set to sell the Italian company to VRM – an Italian automotive company from the Bologna province of Zola Predosa.

Last year, Marzocchi seemed destined for the chopping block, as Tenneco seemed set on shutting down the business, and its 70 employees, rather than selling the company.

However with intervention from the local government in Bologna, and its strong labor unions, Marzocchi has been seemingly saved before the new year.