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03-29-2009, 07:02 PM
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#1
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NJFBOA Co-Founder
Join Date: Jul 2004
Location: All up in your kool aid!
Posts: 12,235
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Crane Cams has lost their Economic fight
Quote:
Crane Cams is the the latest automotive company to go under during these economic times.
PRESS RELEASE:
LIQUIDATION OF CRANE CAMS, INC. ANNOUNCED
Complete High Performance Camshaft Manufacturer
All Machinery, $2+ Million in Inventory, 16 Trademarks & 3 Patents for Sale
LiquiTec Industries, Inc. has been engaged to liquidate the assets of Crane Cams, Inc., one of the world's largest independent manufacturers of camshafts, valve train components and electrical ignition systems for the performance industry. Established in 1953, Crane CamsŪ is a brand name recognized for high quality, precision products that are race-proven to withstand the rigors of competition. Product applications include automotive, motorcycle, marine, aircraft and other specialty markets.
The sale includes all machinery; all raw materials, work-in-process and finished goods including over $2 million of high performance and racing application engine components including camshafts, rocker arms, lifters and other parts for most GM, Ford and Mopar engines; 16 patents and three patents.
LiquiTec is accepting bids now for inventory, trademarks and patents. An auction sale of all remaining inventory and machinery will take place on Wednesday, April 22, 2009 at the company's former headquarters in Daytona Beach, Florida. The sale will also be broadcast over the internet via BidSpotter.com. For more information or to register to attend the sale, contact LiquiTec at (800) 852-9252.
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Sad day for the hobby. Hopefully someone will pick up some of the technology they had and keep it going.
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03-29-2009, 07:02 PM
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#2
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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This was announced several weeks ago, no?
::edit:: - yes, you even posted in the thread - http://www.njfboa.org/forums/showthread.php?t=41739
- Justin
__________________
1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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03-29-2009, 07:05 PM
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#3
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NJFBOA Co-Founder
Join Date: Jul 2004
Location: All up in your kool aid!
Posts: 12,235
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They closed and then reopened. Looked like they had investors lined up to pull it off, but it all fell apart. Now the liquidation of assets is announced and their employees have all been given the news.
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03-29-2009, 07:06 PM
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#4
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Ahh....never heard that they re-opened.
Sucks for the false hope that everyone got.
- Justin
__________________
1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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03-29-2009, 07:25 PM
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#5
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,368
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sucks but does this mean i can pick up cheap valvetrain ****? i could use some
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03-29-2009, 07:34 PM
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#6
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NJFBOA Co-Founder
Join Date: Jul 2004
Location: All up in your kool aid!
Posts: 12,235
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I am sure summit or jegs will buy out and blow out the remaining inventory
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03-29-2009, 08:21 PM
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#7
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Quote:
Originally Posted by NJSPEEDER
I am sure summit or jegs will buy out and blow out the remaining inventory
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That is right. I "know a guy" and he mentioned that they plan to sell the cams by the pallet.
I think Scorpion is looking to buy them but no deal has been made, so the liquidation is scheduled.
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