Liquidation Of Crane Cams, Inc. Announced

[DRRummel]

I don't need any cams, but some tooling would be nice.

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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.

[Rodeheaver's]

wow!!!

[wick]

Its really a shame. Look on the bright side, the great obama has a plan. He is confident we will all have jobs!

[gmkillr]

I heard Scorpion bought Crane cams in Bankrupcy court and will now be taking over operations and retaining most of the old employee's.

[DRRummel]

I hope that is true.

[wick]

I heard Scorpion bought Crane cams in Bankrupcy court and will now be taking over operations and retaining most of the old employee's.

I sure hope so. I dont want to thing another company fell to the economy. Especially Crane.

[95riosnake]

Wow, that is sad to hear. :(

[phillysrt4]

Do you have a link to either article (the liquidation or the scorpion takeover)?

I hope Scorpion takes them over so they can continue to exist in some form.

[DRRummel]

http://www.news-journalonline.com/Ne...rane032609.htm

Check the last couple of paragraphs.

[DRRummel]

Here is a better article.

http://www.news-journalonline.com/Ne...IZ02032509.htm

[phillysrt4]

Wow I hope for the best. Based on the "job fair" language combined with the desire to automate, I doubt that all 280 employees will be rehired back. Still its better than just giving up and closing a business that has done alot for our hobby.