Dead After All: Liquidation of Crane Cams announced

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Filed under: Aftermarket, Hirings/Firings/Layoffs, Earnings/Financials



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]Continue reading Dead After All: Liquidation of Crane Cams announced

Dead After All: Liquidation of Crane Cams announced originally appeared on Autoblog on Wed, 25 Mar 2009 18:29:00 EST. Please see our terms for use of feeds.



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