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Featured Edelbrock Leaves So Cal...

Discussion in 'The Hokey Ass Message Board' started by Jive-Bomber, Feb 23, 2021 at 8:51 AM.

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  1. Jive-Bomber
    Joined: Aug 21, 2001
    Posts: 3,361

    Jive-Bomber
    MODERATOR

    Jive-Bomber submitted a new blog post:

    Edelbrock Leaves So Cal...

    [​IMG]

    Continue reading the Original Blog Post
     
  2. Ryan
    Joined: Jan 2, 1995
    Posts: 19,371

    Ryan
    ADMINISTRATOR
    from Austin, TX
    Staff Member

    I sort of feel like once a company looses its face, it looses its identity and brand value. The Edelbrock logo still means something to me, obviously... but "Industrial Opportunity Partners" doesn't really mean shit to me.

    Even so, if the news broke tomorrow that the Edelbrock brand was being shut down in favor of something more marketable in the modern world, I'd be super sad...
     
  3. stubbsrodandcustom
    Joined: Dec 28, 2010
    Posts: 1,334

    stubbsrodandcustom
    Member
    from Spring tx

    Its all about economics.. Personally Cali has been going down hill for a long time, and now companies and people are fleeing that place at an alarming rate. I think the move will be better for the business bottom line plus less regulations etc. I agree Ryan, if they shut it down for modern junk Id be sad too. But Their aftermarket hotrod stuff is a huge chunk of their business so would make no sense to close that down. But then again I look at Walker Radiator shutting down permanently and that sucked big ones.
     
  4. I really hope with the move Comp cams & Edelbrock will remain focused on their past and don't turn into another Hoffman group and let quality go down the drain. HRP
     

  5. I am ambivalent about this
     
    chopped likes this.
  6. Rolleiflex
    Joined: Oct 25, 2007
    Posts: 1,006

    Rolleiflex
    Member

    In some ways this doesn't surprise me and I'm certainly glad they're relocating within the US instead of outsourcing overseas.

    Wish they'd have come to Texas instead though!
     
  7. Bluedot
    Joined: Oct 26, 2011
    Posts: 310

    Bluedot
    Member

    The bigger a business gets, the more personality and customer service is lost. I am 75 and retired, but more than once in my career, when a small company I worked for was bought out by a bigger one, many people got screwed, and the products' quality declined. When the bean counters start running the show, employees and customers become only numbers on paper. Stubbs nailed it when he said it's all about economics. Reality yes, but still sad.
     
  8. continentaljohn
    Joined: Jul 24, 2002
    Posts: 4,730

    continentaljohn
    Member

    I will just say watch shark tank and it says it all . I will say that by being in the manufacturing industry all my life overhead has gone crazy. It’s not only labor but insurance,materials,environmental issues and taxes. It’s sad to see Edelbrock get gobbled up in industry consolidates bulls#!t. Gentlemen we all know that means overseas production. I have a number of Pals that had faced similar challenges and its sink or swim.
     
    dirty old man, Blues4U and Thor1 like this.
  9. MCjim
    Joined: Jun 4, 2006
    Posts: 147

    MCjim
    Member
    from soCal

  10. ekimneirbo
    Joined: Apr 29, 2017
    Posts: 1,707

    ekimneirbo
    Member
    from Brooks Ky

    While I hate to see an icon leave the roots that were part of it's mystique, I think Bruce Willis had the perfect answer for Kalifornia.........Yippee ky yay *%#&

     
    Deuces likes this.
  11. nosford
    Joined: Feb 7, 2011
    Posts: 254

    nosford
    Member

    There is a book out there that is OT but a very interesting read none the less. It is called Car Guys vs Bean Counters by Bob Lutz. Bob Lutz was a high up exec at Ford, Chrysler, and GM and has some great stories on how the Bean Counters screwed up the big three car makers in the US. I don't agree with all his viewpoints but if only 20% of what is in the book is real you can see how the automotive companies gave away everything to the imports because of cost savings starting in the 70's. Profit rules!
     
  12. continentaljohn
    Joined: Jul 24, 2002
    Posts: 4,730

    continentaljohn
    Member

    Blues4U and 41 coupe like this.
  13. lostone
    Joined: Oct 13, 2013
    Posts: 1,475

    lostone
    Member
    from kansas

    Sad thing is as people flee California they are relocating into adjacent states then turning around and voting for the same type of government that drove them out of California in the first place.

    I hope more companies relocate and keep their doors open instead of giving in to high taxes and closing shop.
     
  14. adam401
    Joined: Dec 27, 2007
    Posts: 2,340

    adam401
    Member

    It sucks. Hopefully their foundry and machine operations stay in house. I just bought a new flathead intake and 2 pairs of flathead heads from them. While I'm still waiting for one pair of heads, the stuff I have recieved is beautiful. I sanded up the intake and installed it. It's nice stuff.
     
    Frankie47, Deuces and Baumi like this.
  15. 5window
    Joined: Jan 29, 2005
    Posts: 7,850

    5window
    Member

    It's always about economics. No one is in business just to make something good. But, some are in business to do well and to make something good and to provide good products and services,too. Often this is the original owner whose name is above the door. It's possible for the "and Sons" ("and Daughters") to take a business higher, but that doesn't happen often.
     
    dirty old man and Deuces like this.
  16. Phillips
    Joined: Oct 26, 2010
    Posts: 1,304

    Phillips
    Member

    Facts be damned, the California haters will be all over this thread with their BS. And the foundries are staying in CA by the way.
     
  17. In case someone is living under a rock and only uses their computer for accessing the world best and only traditional hot rod web site message board,,, there’s a mass exodus from California going on. Businesses and residents.
     
  18. 2935ford
    Joined: Jan 6, 2006
    Posts: 3,454

    2935ford
    Member

    Let's stay positive here for this one. Time will tell!
     
    dirty old man and Deuces like this.
  19. dreracecar
    Joined: Aug 27, 2009
    Posts: 3,092

    dreracecar
    Member
    from so-cal

    Purely economics and consolidation. The Edelbrock family has been a minor share holder for some time now and the sale of the buildings just about paid for everything. The foundries will stay in Cal, because the cost of cleanup is more then they are worth. Bad business decisions was the downfall--- Vic took the company public, but then tried to buy it back and took a loan out for 50mil. Bad economic times, resulted in the loan being sold at a discount several times to get it off the books. A german investment group bought the loan @.50 on the dollar and had their people on the BOD and were in the sense running the company as major stock holders. It had nothing to do with the business climate in Calif. everything is being moved under one 250,000 sq ft building
     
  20. Roothawg
    Joined: Mar 14, 2001
    Posts: 20,650

    Roothawg
    Member

    I just hope they are able to stay above water. I think they have a good product for the money.
     
  21. dreracecar
    Joined: Aug 27, 2009
    Posts: 3,092

    dreracecar
    Member
    from so-cal

    the family became minor share holders when Vic took out a 50mil loan and lost control of the company
     
    vintagehotrods likes this.
  22. dreracecar
    Joined: Aug 27, 2009
    Posts: 3,092

    dreracecar
    Member
    from so-cal

    while still offering normal Edelbrock parts, the major interest is in their supercharger division
     
    dirty old man likes this.
  23. 57JoeFoMoPar
    Joined: Sep 14, 2004
    Posts: 4,819

    57JoeFoMoPar
    Member

    It would seem that they're joining forces with Comp, their sister company under Industrial Opportunity Partners. I personally see no issue with this as the sharing of resources in` both intellectual property and manufacturing is a rising tide that lifts all ships. I'd rather have the company flourish under a corporate umbrella than stay independent and struggle.

    That being said, while I wouldn't call myself a "California hater" I don't think it's a coincidence that IOP chose to consolidate resources in a State like Mississippi rather than in So-Cal. We have been seeing the same things in my home state of NJ for years; the extraordinarily high price of real estate coupled with crippling taxes have led to an exodus of people and companies from the State for other more economically-friendly States. If I were looking at 2 different intake manifolds that were essentially the same, and one was significantly less expensive than the other, I would buy the less expensive one, and I doubt I would be vilified for that decision. IOP has made that same decision here.
     
    Deuces and Malcolm like this.
  24. Ryan
    Joined: Jan 2, 1995
    Posts: 19,371

    Ryan
    ADMINISTRATOR
    from Austin, TX
    Staff Member

    I agree... This annoys me... California obviously has issues. Every state has their own problems though... I'm from the greatest state in the country and we can't even reliably deliver power or water during an ice storm.

    A reminder folks - we don't do politics here. Don't flirt with that rule if you value your account at all.
     
  25. Let's face it guys.... In 30 years the ICE will be all but extinct. Both GM and Ford have publicly announced that they're going all electric in the near future, it won't be long before all the majors follow suit. The handwriting is on the wall, it's just a matter of time...

    I'm old enough that I doubt I'll live long enough to see this arrive, but our kids will.
     
    Truckedup and Deuces like this.
  26. I find some irony that Edelbrock is merging with Comp Cams, given the friendship the Vic Edelbrock and Ed Iskenderian.
     
  27. continentaljohn
    Joined: Jul 24, 2002
    Posts: 4,730

    continentaljohn
    Member

    @Roothawg yeah they were always my first choice in my hotrod if I was going aftermarket goodies and first choice in OT cars (mustangs and broncos ). Great products great history and hope they continue another 50 years...
     
    Deuces likes this.
  28. woodiewagon46
    Joined: Mar 14, 2013
    Posts: 1,758

    woodiewagon46
    Member
    from New York

    It's purely economics. The average electric kilowatt hour is about $ 00.17 in California and $00.09 in Mississippi. The national average is about $00.10. Also, taxes are some of the highest in the nation. Both my son's left California because every time they turned around the State was imposing another restriction or tax. Couple that with all the other BS that is going on in Cal, I see a mass exodus.
     
  29. 57JoeFoMoPar
    Joined: Sep 14, 2004
    Posts: 4,819

    57JoeFoMoPar
    Member

    A fair point, but Comp casts a far larger shadow than Isky does. Not to mention that IOP acquired Edelbrock, not the other way around, and also owns TCI, FAST, RHS, Zex, and Powerhouse.
     
    Deuces and fauj like this.
  30. Having spent the first part of my life in Arkansas before moving to California due joining the Marine Corps, I am still here having spent more than half of my adult life working here in a somewhat rural area compared to the big cities of LA, SD, or SF. I don't do politics. Taxes will suck regardless of where you're at, either sales or personal property. At the end of the day even the gov't needs money to operate, be it city, town, state or federal. This fact is even more painfully true of companies, all have to make profit or they'll simply cease to exists.
     
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