NJFBOA - Home of New Jersey's Camaros and Firebirds - Crane Cams has lost their Economic fight

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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 Cams® 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.

Sad day for the hobby. Hopefully someone will pick up some of the technology they had and keep it going.

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

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.

Ahh....never heard that they re-opened.

Sucks for the false hope that everyone got.

- Justin

sucks but does this mean i can pick up cheap valvetrain ****? i could use some

I am sure summit or jegs will buy out and blow out the remaining inventory

Quote:

Originally Posted by NJSPEEDER (Post 567126)

I am sure summit or jegs will buy out and blow out the remaining inventory

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.