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-   -   Crane Cams is shut down (https://www.offshoreonly.com/forums/general-boating-discussion/203794-crane-cams-shut-down.html)

waconda 02-24-2009 01:34 PM

Crane Cams is shut down
 
Just got a phone call from my engine parts supplier telling me the parts I've been waiting for will not be coming do to the Bank shutting them down today. Every day the bad news just keeps coming.

fantastixvoyage 02-24-2009 01:35 PM

I'm not sure that's 100% correct. I understand they were just bought last week???? Got a call in lets see what comes of it...

fantastixvoyage 02-24-2009 01:57 PM

Not entirely false. Appears their consolidating a few things based on some bank approvals falling through.

I'm glad to hear they're going to pull through. they are one of the best in the biz and would have been dissappointed if they were to close.

So to answer your question production may have stopped temporarily but it sounds like they will be back up quick. I hope :ernaehrung004:

waconda 02-24-2009 02:24 PM

I also put out a few calls and it does sound like there is someone buying them.

It is going to get interesting in the HP market with the economy the way it is. Keith Black engines has also shut down and are selling off everything. My brother knows of a deal that KB turned down just a few weeks ago. It would have moved KB to the midwest.

TeamSaris 02-24-2009 02:48 PM

That would suck , we have plenty of orders to get us through, but its definately off

mikes280 02-24-2009 04:20 PM

i tried all day yesterday to get through to crane and the phone says they are closed or it is after hours. not good as i need 5 cams and lifters and springs

10x 02-24-2009 06:17 PM

Their last day of business was last friday. Talked to a friend of mine that works there, and that's what he told me. Supposedly they went to do a "refi" and the bank refused to qualify them. They are working on a buy out from another bigger company, but, nothing's written in stone yet. They have a few irons in the fire. I was told that anything that was'nt already shipped out by friday, probably would'nt be shipped until this whole mess is straightened out.

JasonSmith 02-24-2009 06:56 PM

Well, doesn't that just suck.

Griff 02-24-2009 09:39 PM

Looks like rmbuilder is going to get a lot busier.

Strip Poker 388 02-24-2009 10:02 PM

note to self ,dont send money first,Holley will prob buy them

Anybody talk to them at PRI? howd they seem?


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