History Liquidation of crane cams, inc. .. :-(

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.

 

Wow, you would have thought they would restructure their debt and keep going. Wow.....

 

That really sucks the big one ! Hard to believe after all these years crane will be history ! Sounds like they don't even want to try to make it and gave up ! Really SAD !!

 

Sadly, industry in this country is going down the tubes.

 

At least they didn't cheap out and source all manufacturing to China. Go down guns a' blazin.

 

Son of a bitch.
Well why not, it's just another icon of the hotrodding world, yeah! Why not!!
Shit.

1shot

 

That sucks. Used them for years. Guess I better start learning to read Chinese.

 

Where is ol' Harvey now?........ Turning over in his grave I suspect! Met him in 1976 at Tognottis' Speed Shop, he was wearing the first digital watch I'd ever seen. ( funny all the stupid crap I remember!)

 

Here's a thought.....65000 + members @$50.00 each =3,250,000
We can call the company HAMBCAMS
"at HAMBCAMS we're really eccentric"
Just a thought....back to your regular program

 

Nope, just start coughing up a bit more for American product. It is worth it in the end.

 

How old is this news from that I found on there web site?

http://www.cranecams.com/?show=mikroniteAcq

Jon

 

Put that on the list will the 200.00 dragstrip in TX we we're going to purchase as a group.

I thought they were closed for a few month to re-organize then reopen.

The Harley parts I'd get from them were great.

 

What a shame! I think Harvey has a consulting co. or did he pass?

 

last i had heard they were going to reconstruct and re open..holy shit i cant beleive they are closing.....for good. ........................................john

 

That's why up here in Detroit (and around the globe for that matter), no one wants to go C11, because there simply is no D.I.P. financing out there right now...so for nearly any company that goes C11 right now will soon be C7 and in liquidation because there simply is no bankruptcy financing currently.

 

If your biggest customers (big 3 automakers) are broke and going under, then it might not be a good idea.

 

last newsletter on the site is nov 2007............

 

Wouldn't they put something on the website?

Junkyard

 

Search here on the HAMB for the rest of the Story. Harvey Crane hasn't had anything to do with Crane cams for years .
One political point though,Englands pound is heading down fast because England sold off all it's industry years ago. It has suddenly dawned on the pricks that trade shares etc that England doesn't have any wealth creation going on so the pound ,to them,is worthless. Same will happen to the US if you guys insist on shopping at harbour freight etc. Save your pennys and buy Quality not cheap and save your economy and country at the same time.

The Chinese have already made noises in the last two days that the Chinese currency should be the world standard instead of the US dollar. Think about that for a while.....

 

Harvey still alive? I thought he had passed on, if he is alive what do you think he feels right now?

 

Maybe this will confuse the issue even more.http://www.news-journalonline.com/NewsJournalOnline/Business/Headlines/bizBIZ02032509.htm It states that they are reopening and in fact interviewing former employee's for rehire

 

Crane himself was still kicking a couple years back. A pal from up here sat in on a cam theory class he taught at his Hangar down in Florida.........here is an average Joe from Sodak sitting with many top NASCAR engine gurus learning from a master!

 

Gees'... What am I going to do with all those Crane Cams racing decals I have been saving all these years, I was planning on plastering them on my future A/FX Dodge project. Oh well I might as well use them on my P/T Cruiser.

 

wow ! so much for restructure

 

That was dated yesterday,more confusion,yes, what is correct?

 

Well it begs to question who's got the correct info...

http://www.autocata.com/dead-after-all-liquidation-of-crane-cams-announced/

 

i dunno anything about their restructure, but maybe they are liquidating all the old "everything" and starting with a fresh sheet of paper in some place where they can manufacture cheaply, like china.
if crane was indeed supplying the major manufacturers their parts, it was probably too hard to make the bills when when you get stiffed and/or only receive partial payments after 90 days.
the big 3 have been terrible to suppliers for decades now. chrysler as a matter of fact is having issues with suppliers because no one will do business with them unless they have cash on the barrel. thats a hard thing to come by these days.

 

This comment from the article says alot

Crane's management wasn't looking towards the future and making changes.That or they just didn't give a shit or couldn't afford to stay in business..

 

The snow ball is close to the bottom of the hill now after many bad American Government deals. The first major problem was the tariff lifting on imported cars-parts and goods. No, American business can or will ever be able to compete with foreign labor and manufacturing cost. So to reduce cost our companies went over seas for electrical and automotive hard parts to help reduce manufacturing expense. Almost every thing made in America has been farmed out to foreigners. All of the big three have plants in Mexico and over seas because they can make it there using cheap labor and ship it back to America and still make more money. The snow ball is still rolling but close to the bottom now. The Japs shut down Americas steel mills and that was the first big hit to out economy years ago. Until we stop this practice we will never be the industrial giant we once were. It very sad to see our icons go under but this is just the start the way I see it.

 

Priceless!~