The story
Founded by Gianpiero Moretti in 1964, in Milan.1
MOMO was founded by gentleman racer Gianpiero Moretti in 1964. 'MOMO' are the initials for Moretti-Monza. Monza is a town in the Province of Monza and Brianza. That year, Moretti produced a racing steering wheel for his own race car. This was the first steering wheel produced by the brand. Compared to the other racing steering wheels available on the market at that time, Momo featured thicker grip, the other racers noticed the convenience of that steering wheel and wanted to obtain the same for their vehicles. So, steering wheels by this brand gained fame throughout the racing community and among the Formula One drivers. So, John Surtees, one of Formula One’s drivers, requested the same steering wheel for his single-seater Ferrari. That same year, he won a Formula One race - the first significant victory of the Momo brand.
In 1969 MOMO opened production plant in Tregnago, Province of Verona. Due to increasing United States federal government safety regulations and the wide adoption of airbags in passenger vehicles internationally, MOMO was sold in 1996 to Breed Technologies, a steering wheel airbag manufacturer. Breed Technologies was acquired by private equity firm Carlyle Group and merged with other OEM automotive businesses they owned to form Key Safety Systems in 2003. Key Safety Systems sold the MOMO brand name to an Italian private equity group in 2006, but most of the manufacturing plants and technologies previously owned by MOMO were retained by Key Safety Systems.
In 2011, MOMO was sold to Henrique Cisneros, a Venezuelan-American businessman part of the Grupo Cisneros and amateur racecar driver.
In 2012, MOMO launched a line of summer, all-season, and winter tires in Europe. The tires have been available in North America since 2017.
From Wikipedia’s article on Momo (company), shared under CC BY-SA 4.0.4