• Mar 25, 2009
Last month, Crane Cams announced that it had shut its doors and told all 280 of its employees not to come back the next day. Shortly afterward, the storied automotive aftermarket parts company indicated that it would reopen after the restructuring process had taken place. That's apparently not the case after all.

LiquiTec Industries has issued a press release stating that it has been contracted to liquidate all of the assets of Crane Cams. The sale will include everything that the company had owned, including all of its unsold products, machinery, raw materials, trademarks and patents. Bids are currently being accepted, after which all of the unsold goods will be put up for auction.

This news comes after speculation that Crane Cams would be purchased by a company called Scorpion Performance. We're not sure what happened to that deal, but we've placed a call with Scorpion in an effort to find out. Press release after the jump.

[Source: LiquiTec Industries]

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.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 13 Comments
      • 5 Years Ago
      R.I.P. afterall.
      • 5 Years Ago
      Listen, if this is to be a forum for econimical whining please note it was not this administration that created the fall of companies like Crane. So if you wish to pass judgement on the powers that be, take into effect that when the wall fell in 89, Germany took an economical hit with its infusion of millions. And yet it survived?

      Decades of financial erosion have led to this, plus no one took into effect the cost a war in the country that we import our largest requirement from. Regardless if it was necessary or not.

      Crane Cams is a company that has been the cornerstone of the american dream ... "Freedom".
      Because we all feel free in our garages, backyards or at the track. But as everyone knows Freedom, does not come without its price. Just as Harley Davidson arose its bar & sheild from the ashes, not as a phoenix. But as the symbol of freedom it represented, an Eagle!

      May we do what we can... network, pray or take our ideas onto our own shoulders and see if we can ressurect this freedom.
      • 5 Years Ago
      I just drove by Crane HQ and photographed two Scorpion trucks out front. They're also having some sort of a job fair.
      • 5 Years Ago
      I've heard much differently. Hints of Scorpion taking it over have been flying about.
      • 5 Years Ago
      Man that's a shame, that's a classic name in aftermarket performance. Hate to see any of those go. :(
      • 5 Years Ago
      I let my friend at Isky Racing Cams know about the liquidation. Looks like they might be picking up some bargains.
      Michael Laverty
      • 2 Years Ago
      Hey fella's do any of you thing that financial Mis-management might have played a role in the demise of CraneCams
      • 5 Years Ago
      Here's a headline I can't wait to see:

      "Congress to liquidate all members that supported tax increases."
        • 5 Years Ago
        Since a majority of the US voting population now wants administrations that tax the remaining population to provide them with unearned benefits, and Congresses' power is maintained by doing just that, you will be waiting a very, very long time.

        Lucky for you, Barney Fwank, Chris Dodd, and President Giggles will have your name on a list shortly, and you'll be taxed at 90% (or higher!) as punishment in order to get "their" money back.

        "Welcome to the New America!" -The Late, Great USA
      • 5 Years Ago
      Man I'd love to have had the money to take over that show.......
      • 5 Years Ago
      As an x Crane employee the only real losers are the employees. For the past few months we were told the sale of the business was in the works...then the doors were shut by the bank...

      We now have no jobs, no benefits, don't qualify for cobra, and we find out our 401K and pre tax contributions to our medical coverage were not funded by Mikronite the past few months and now we can't even get a straight answer as to the future of the business

      Now we have a job fair the same day as a liquidator announces the place is being auctioned..........what a joke. It appears that no one has the ba**s to tell us what is really going on


      BOHICA!!!!
      • 5 Years Ago
      Somebody had to pay for the last eight years.
        • 5 Years Ago
        Cute, but it doesn't fly. The Soft Drink (and Congress - Dems mostly but plenty of Republicans too) is spending money on things that are not necessary and probably unconstitutional if you interpret it the way our Founding Fathers wrote it. If I were King I could cut 1 trillion dollars out of his budget and you as an average working Joe would never even know it.
    • Load More Comments