Notices

Crane Cams is shut down

Old 02-24-2009, 01:34 PM
  #1  
Registered
Thread Starter
 
Join Date: Oct 2007
Location: Union, NE
Posts: 468
Likes: 0
Received 0 Likes on 0 Posts
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.
waconda is offline  
Old 02-24-2009, 01:35 PM
  #2  
Registered
iTrader: (1)
 
Join Date: Jul 2003
Location: Michigan
Posts: 3,215
Received 0 Likes on 0 Posts
Default

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 is offline  
Old 02-24-2009, 01:57 PM
  #3  
Registered
iTrader: (1)
 
Join Date: Jul 2003
Location: Michigan
Posts: 3,215
Received 0 Likes on 0 Posts
Default

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
fantastixvoyage is offline  
Old 02-24-2009, 02:24 PM
  #4  
Registered
Thread Starter
 
Join Date: Oct 2007
Location: Union, NE
Posts: 468
Likes: 0
Received 0 Likes on 0 Posts
Default

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.
waconda is offline  
Old 02-24-2009, 02:48 PM
  #5  
Driver-441
Racer
 
TeamSaris's Avatar
 
Join Date: Aug 2004
Location: Lake George
Posts: 11,838
Received 1,053 Likes on 277 Posts
Default

That would suck , we have plenty of orders to get us through, but its definately off
TeamSaris is offline  
Old 02-24-2009, 04:20 PM
  #6  
Registered
 
mikes280's Avatar
 
Join Date: Feb 2001
Location: charlotte nc.
Posts: 1,849
Likes: 0
Received 0 Likes on 0 Posts
Default

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
mikes280 is offline  
Old 02-24-2009, 06:17 PM
  #7  
10x
10x
VIP Member
 
10x's Avatar
 
Join Date: Dec 2003
Location: La Grange Ill
Posts: 4,800
Likes: 0
Received 2 Likes on 2 Posts
Default

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.
__________________
Fountain powerboats rule "The Preacher"
Chicago Powerboat Club Director
[email protected]
www.chicagopowerboat.com
10x is offline  
Old 02-24-2009, 06:56 PM
  #8  
Registered
 
JasonSmith's Avatar
 
Join Date: Feb 2005
Location: USA
Posts: 4,333
Received 3 Likes on 3 Posts
Default

Well, doesn't that just suck.
JasonSmith is offline  
Old 02-24-2009, 09:39 PM
  #9  
Charter Member # 55
Charter Member
 
Griff's Avatar
 
Join Date: Oct 2000
Location: Omaha/LOTO
Posts: 19,518
Received 1,784 Likes on 885 Posts
Default

Looks like rmbuilder is going to get a lot busier.
Griff is offline  
Old 02-24-2009, 10:02 PM
  #10  
Rob
VIP Member
iTrader: (6)
 
Strip Poker 388's Avatar
 
Join Date: Aug 2001
Location: Ms
Posts: 21,632
Received 6 Likes on 6 Posts
Default

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

Anybody talk to them at PRI? howd they seem?
__________________
.

The Only Time You Have To Much Ammo Is When Your Swimming Or On Fire.
Strip Poker 388 is offline  

Quick Reply: Crane Cams is shut down


Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.