Marcolin acquires Mexico operations

Global eyewear group Marcolin announced on Monday it has completed the acquisition of its own subsidiary in México, effective July 10.

The Italian group has acquired the remaining 49% of its shares in its former joint venture in Mexico, as part of greater corporate strategy to enhance its presence in key markets, according to a press release.

Financial terms of the deal were not disclosed.

Marcolin has been present in the Mexico for six years, after forming its initial joint venture with Mexican distributor Moendi, in 2018.
 
Marcolin México, from its own subsidiary located in México City, will continue to support local stakeholders, “while further improving and quickening responses to clients’ needs in a market with a strong growth potential,” added the company.

Founded in 1961 in Italy’s Veneto region, Marcolin’s global network consists of 15 worldwide branches, in Europe (Benelux, DACH, France, Italy, Nordics, Spain, UK), Russia, the Americas (US, Brazil, México), Asia (Hong Kong, Shanghai, Singapore) and Australia (Sydney), 1 joint venture (UAE) and distributes its products in more than 125 countries.