Back in late February we reported on an article by the Florida News Journal which, given a Crane Technologies Australia quote at the time, seemed dubious.
The story was that Crane Cams, legendary makers of valvetrain components, had abruptly closed-up shop and left its workers scratching their heads.
Now, despite rumours that an outfit called Scorpion Performance was set to purchase the business, liquidation specialist LiquiTec Industries has issued a press release announcing it has been appointed to oversee the liquidation of Crane?s assets.
All of Crane?s assets will be put on the block, from unsold products, machinery, and raw materials right through to trademarks and patents.
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.