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a.k.a WHIPLASH #180
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1,099 Posts
Discussion Starter #1
Looks like the last ditch effort to get the new investors has failed.

Sad news

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.
 

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"The" masheenist
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5,444 Posts

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"The" masheenist
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5,444 Posts
How about we buy some of the equipment and start our own camshaft business? Or Buy Crane Cams and turn it around?
I am already making blanks.
 

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8anned
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4,154 Posts
How about we buy some of the equipment and start our own camshaft business? Or Buy Crane Cams and turn it around?
They were looking for a buyer and there were none to be found, most likely because the debt load was unreal to the income it produced. We're all just small fish compared to equity investment firms that were looking into this.
 

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"The" masheenist
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Administrator
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11,648 Posts
Someone in the industry will likely pick this up I would think, now for a reduced price. Crane had brand recognition that is worth a lot in itself. And a pretty good reputation as well.
 

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Premium Member
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5,488 Posts
Someone in the industry will likely pick this up I would think, now for a reduced price. Crane had brand recognition that is worth a lot in itself. And a pretty good reputation as well.
Frank Morris, good guy.:))THumbsUp
 
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