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Crane Cams is shut down

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Old 02-24-2009, 02:34 PM
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Default 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.
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Old 02-24-2009, 02:35 PM
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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...
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Old 02-24-2009, 02:57 PM
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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
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Old 02-24-2009, 03:24 PM
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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.
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Old 02-24-2009, 03:48 PM
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That would suck , we have plenty of orders to get us through, but its definately off
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Old 02-24-2009, 05:20 PM
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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
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Old 02-24-2009, 07:17 PM
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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.
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Old 02-24-2009, 07:56 PM
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Well, doesn't that just suck.
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Old 02-24-2009, 10:39 PM
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Looks like rmbuilder is going to get a lot busier.
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Old 02-24-2009, 11:02 PM
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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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