Marin Bikes taken over by investment company

The previously privately owned bike manufacturer Marin has announced that it has reached an agreement to be taken over by the European investment company Minestone Ltd. The change in ownership is intended to enable higher investments to be made in the areas of development, marketing and personnel.

Robert Buckley, President and Founder of Marin, expressed his satisfaction with the acquisition to the press: "The acquisition of Marin by Minestone Ltd. will allow us to strengthen our brand through increased investment in product innovation, marketing and personnel. We will continue to operate from our headquarters in Novato Marin County, California. As we have for the past 25 years, we will continue to develop and test our bikes here"

After the distributor Chris Sports System stopped importing Marin bikes to Switzerland in June 2010, the bikes remained available in this country - albeit on a small scale. The specialist stores Sieber and Mater in Flüh, Solothurn, and Radwerk Winterthur-Töss continue to stock the Californian bikes in cooperation with the German Marin importer.

www.marinbikes.com