Eyewear giant Marcolin has completed its acquisition of its subsidiary in Mexico as part of its corporate strategy to enhance its presence in important markets. The Italian company has purchased the remaining 49% of shares in its previous joint venture with Mexican distributor Moendi. This move will allow Marcolin to provide better support to local stakeholders and meet the needs of clients in Mexico. The financial details of the acquisition have not been disclosed.
Marcolin has been operating in Mexico for the past six years since forming its joint venture with Moendi. With its own subsidiary in Mexico City, Marcolin will continue to serve the local market and devise strategies to take advantage of the region’s growth opportunities.
Founded in Italy’s Veneto region in 1961, Marcolin has a global network comprising 15 branches across Europe, Russia, the Americas, Asia, and Australia. With distribution in over 125 countries, the company is well-positioned to cater to the global eyewear market.
By bringing its Mexico operations under full ownership, Marcolin can align its strategies and resources to strengthen its market position in the country. This acquisition is part of the company’s broader efforts to expand and consolidate its presence in key global markets.
Marcolin’s move highlights the significance of the Mexican market in the eyewear industry. Mexico is experiencing an increasing demand for eyewear products, driven by factors such as rising disposable income, growing fashion consciousness, and an increase in eye-related issues. Marcolin’s full control of its operations in Mexico allows the company to leverage these opportunities and boost its market share.
The acquisition also demonstrates Marcolin’s dedication to providing exceptional customer service. With a stronger presence in Mexico, the company can better understand and meet the unique needs of its Mexican clientele. This localized approach is crucial for long-term success in a diverse and competitive market.
Marcolin’s acquisition of its Mexico operations comes at a time when the eyewear industry is witnessing substantial growth and evolving consumer demands. With its extensive global network and expertise in producing high-quality eyewear, Marcolin is well-equipped to capitalize on these trends and maintain its position as a leading player in the industry.
Overall, Marcolin’s acquisition of its subsidiary in Mexico signifies an important milestone in the company’s expansion and growth strategy. By taking full control of its operations in Mexico, Marcolin can further strengthen its market position and serve the evolving needs of consumers in one of the world’s key eyewear markets.
Useful links:
1. Marcolin official website
2. Eyewear Industry in Italy – Statista
