Change of Ownership at Sparco

July 20, 2009: Sparco Italy has been acquired by Aldino Bellazzini, CEO Petronas Lubricants. The acquisition was made possible through a significant increase in capital and a simultaneous restructuring of Sparco's debts.

With the new ownership, Sparco will now have increased financial resources to develop its business and product range.

Aldino Bellazzini:

My commitment comes from the acknowledgement of the extraordinary value of Sparco as a brand as well as from the wide range of products offered by its product catalogs...The trust and support that Sparco customers have shown in the [past] allow me to plan a quick and stable return to the leadership position that Sparco deserves.

We'll post more news as it arrives, but OG Racing along with Sparco USA are extremely excited to hear this news and can't wait to see the new products and technology that will emerge from it!