Crane cams bought out??
02-23-2009, 06:31 PM
#1
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Crane cams bought out??
I saw it on another forum. Some seem to say with confidence they know there out of business. If so that sucks. I hope someway we can still get parts.
02-23-2009, 07:16 PM
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02-23-2009, 07:38 PM
#4
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Re: Crane cams out of business?
Just called our supplier for crane cores. . .
Said this news is a few years old. .
Said this news is a few years old. .
Last edited by 2fastGSR; 02-23-2009 at 08:08 PM.
02-23-2009, 08:08 PM
#5
Re: Crane cams out of business?
02-24-2009, 07:48 AM
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Re: Crane cams out of business?
Crane was actually take over or bought by Mikronite a few years ago.
They have had some money issues and were not able to make payroll a couple time
from what I heard in 2008. Some of the bigger guys that were there years are no longer there as well.
I also heard that there was a possiblilty of another company looking to purchase them, but looks like it didnt go through.
They have had some money issues and were not able to make payroll a couple time
from what I heard in 2008. Some of the bigger guys that were there years are no longer there as well.
I also heard that there was a possiblilty of another company looking to purchase them, but looks like it didnt go through.
02-24-2009, 03:53 PM
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02-24-2009, 09:04 PM
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Re: Crane cams bought out??
DAYTONA BEACH — Crane Cams, a 56-year-old auto parts manufacturer, closed its doors this week and laid off its employees, a worker said today.
The news took Volusia County’s top economic development officer by surprise. City, county and state officials were working with Crane Cams and officials from its New Jersey parent, Mikronite Technologies, to keep the company open and in the community.
“We were trying to help them through this transition,” said Rick Michael, Volusia County economic development director. “They were considering a transfer of ownership. We were not expecting any closure.”
An automated voice mail system at Crane’s plant on Fentress Boulevard announced at midday today the company was closed and suggested calling back during business hours, 8 a.m. to 5 p.m. A call to Mikronite’s New Jersey offices produced similar results. Six cars sat in the parking lot early this afternoon at the local plant, which employed 220 just three years ago.
Inside the lobby, a reception desk sat empty. A call from the lobby phone got an answer from Dennis Burgess, who declined to comment and said no one at the plant could provide information.
In the parking lot, 14-year employee Ronald Dorn was leaving the plant for what he believed was the last time
He said workers were told during the past week that layoffs were likely, but he didn’t expect the plant to close.
Mikronite received approval in 2006 to receive tax rebates from the state and the county amid discussion about moving its New Jersey operations here. But the company ended its contract with the state in 2008 due to nonperformance, Michael said.
“Crane has gone through a series of small layoffs recently,” he said.
Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale. The company is well known in high-performance and racing circles for its line of camshafts and engine valve train components.
In 1979, Crane Cams became an employee-owned company. Some operations moved to Daytona Beach in 1981, with the remainder of the operation and employees relocating here in 1985.
Mikronite, an industrial technology firm, bought Crane in 2006.
In March 2007, Mikronite sold its property on Fentress to STAG Capital Partners of Boston, then signed a 10-year lease.
The news took Volusia County’s top economic development officer by surprise. City, county and state officials were working with Crane Cams and officials from its New Jersey parent, Mikronite Technologies, to keep the company open and in the community.
“We were trying to help them through this transition,” said Rick Michael, Volusia County economic development director. “They were considering a transfer of ownership. We were not expecting any closure.”
An automated voice mail system at Crane’s plant on Fentress Boulevard announced at midday today the company was closed and suggested calling back during business hours, 8 a.m. to 5 p.m. A call to Mikronite’s New Jersey offices produced similar results. Six cars sat in the parking lot early this afternoon at the local plant, which employed 220 just three years ago.
Inside the lobby, a reception desk sat empty. A call from the lobby phone got an answer from Dennis Burgess, who declined to comment and said no one at the plant could provide information.
In the parking lot, 14-year employee Ronald Dorn was leaving the plant for what he believed was the last time
He said workers were told during the past week that layoffs were likely, but he didn’t expect the plant to close.
Mikronite received approval in 2006 to receive tax rebates from the state and the county amid discussion about moving its New Jersey operations here. But the company ended its contract with the state in 2008 due to nonperformance, Michael said.
“Crane has gone through a series of small layoffs recently,” he said.
Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale. The company is well known in high-performance and racing circles for its line of camshafts and engine valve train components.
In 1979, Crane Cams became an employee-owned company. Some operations moved to Daytona Beach in 1981, with the remainder of the operation and employees relocating here in 1985.
Mikronite, an industrial technology firm, bought Crane in 2006.
In March 2007, Mikronite sold its property on Fentress to STAG Capital Partners of Boston, then signed a 10-year lease.
02-25-2009, 08:02 AM
#11
Honda-Tech Member
Re: Crane cams bought out??
Crane going under is a real bummer for us Honda guys. There is a shortage of roller cams. If anyone is interested I have a set of BIG B-Series roller cams new in the box that I will let go real cheap.
They would be for a track only car, you can't run valve seals, and you need to run a PSI spring with them. The Ferrea spring would need replaced VERY frequently, but the PSI holds up pretty well. It is a profile that Gardella used to run and my customer who originally needed a motor for his race car, now informs me that it will be occasionally street driven
LOL! PM me if interested.
They would be for a track only car, you can't run valve seals, and you need to run a PSI spring with them. The Ferrea spring would need replaced VERY frequently, but the PSI holds up pretty well. It is a profile that Gardella used to run and my customer who originally needed a motor for his race car, now informs me that it will be occasionally street driven
LOL! PM me if interested.
02-25-2009, 08:52 AM
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Re: Crane cams bought out??
Sucks. All I remember from back in the day about Crane were the Ignition boxes used to heat so much that it would melt or burn everything around it. haha.
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