RIP Crane Cams

After 56 years in business, Crane Cams is officially being liquidated.      

PRESS RELEASE:

LIQUIDATION OF CRANE CAMS, INC. ANNOUNCED

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.

-----

Really hate to see this happen to Crane but it seemed inevitable. For those who have not been following this story, last month Crane Cams, out of nowhere, shut its doors and told everyone not to come back. Insiders have told us that "it was like a ghost town...all the machines still had parts in them, everyone just stopped and disappeared."The rumor mill started to go crazy and there were plenty of conflicting reports. According to some, Crane was going to restructure and re-open shortly. From others came much more grim and ultimately true stories.

Do you think the economy is to blame for this closing or do you believe it was just a model that could no longer be sustained?