Crane Cams closes their doors - ModernCamaro.com - 5th Generation Camaro Enthusiasts
The MC Lounge General Discussions. Disrespectful behavior will not be tolerated.
POLITICAL AND/OR RELIGIOUS CONTENT IS PROHIBITED

Reply
 
LinkBack Thread Tools
post #1 of 18 Old 02-24-2009, 10:07 PM Thread Starter
Supporter of common sense
 
OverAnxious's Avatar
 
Join Date: Mar 2006
Location: Detroit, Michigan
Posts: 9,152
  
Crane Cams closes their doors

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.

Joe :: Over Anxious 67 Camaro RS/SS L78
5thgenblog.com // Michigan Classics
Chevrolet Camaro in Transformers // My ebaY auctions

Hot Rod Search Google searches for gearheads!
OverAnxious is offline  
post #2 of 18 Old 02-24-2009, 10:14 PM
Moderator
 
USA1Camaro's Avatar
 
Join Date: Dec 2006
Location: Indiana
Posts: 5,229
  
I know it is a tough time, but that was unexpected.
USA1Camaro is offline  
post #3 of 18 Old 02-24-2009, 10:51 PM
ModernCamaro.com Founder / Former Camaro Disciple
 
OctaneZ28's Avatar
 
Join Date: Jan 2006
Location: Chicagoland, IL
Posts: 11,842
           
That sucks.

2001 Camaro Z28 H/C/I LH6 A4 3.42

Like ModernCamaro.com on Facebook!
OctaneZ28 is offline  
post #4 of 18 Old 02-25-2009, 04:20 AM
Veteran Member
 
Jonz5GEN's Avatar
 
Join Date: Jul 2008
Location: Lyndhurst, NJ
Posts: 4,109
 
Sucks for the peeps who lost their jobs and sucks for the aftermarket parts industry. Crane was a heavy hitter for a long time.

Jonz5GEN is offline  
post #5 of 18 Old 02-25-2009, 06:20 AM
Veteran Member
 
POWERFREAK's Avatar
 
Join Date: Feb 2008
Location: NY
Posts: 7,873
  
WOW...

SUCKS...I've used their products a lot in the past...never any problems.

2010-2SS/RS/LS3/IBM/RP6: ECS-Paxton Supercharger / American Racing Headers & Exhaust / PFADT Suspension / DSS 9" 4.10 Rear / FOR SALE!

Quote:
Originally Posted by Taglane View Post
Powerfreak is the only one who actually understood anything.
POWERFREAK is offline  
post #6 of 18 Old 02-25-2009, 07:19 AM
 
Join Date: Feb 2009
Posts: 1,607
 
"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. "
"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."
"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."

Looks to me like Crane had ceased being a car enthusiast's company when the employees sold it to Mikronite and the new owners have been killing it off for the last three years. Sad, indeed.
gto_in_nc is offline  
post #7 of 18 Old 02-25-2009, 08:21 AM
Camaro Focus Group Member
 
SunsetHawkSelena's Avatar
 
Join Date: Jan 2006
Location: New Orleans, LA
Posts: 3,420
 
that really sucks.



"All alone in my funeral home, playing in blood, there's just got to be something wrong with me" -Slayer-
SunsetHawkSelena is offline  
post #8 of 18 Old 02-25-2009, 06:11 PM
Veteran Member
 
GHOST SS's Avatar
 
Join Date: Nov 2007
Location: Jamestown,North Carolina by the way of Neptune,NJ
Posts: 1,257
 

Oh SHYT,**** that's fu**ed up.Crane was the authority on cams

The Induction may be forced but your humilation is up to you

5th GEN.Org's Offical Protagonist
UNITED STATES ARMY 19K
Currently with 3rd ID,2nd brig,1-64th armored battalion,d-co,2nd plt FT.Stewart,Georgia
DOG FACE SOLIDERS HOOAH
GHOST SS is offline  
post #9 of 18 Old 02-25-2009, 07:25 PM
ljs
Junior Member
 
ljs's Avatar
 
Join Date: Feb 2009
Location: Long Island, NY
Posts: 51
 
Unhappy

me thinks its not only a sign of the (hard) times but of things to come. If small to medium shops can't continue to get credit or customers they won't survive.
Crane was an automotive icon for sure

"As ye sow, so shall ye reap"
2010 2LT/RS Red Jewel Tintcoat
ljs is offline  
post #10 of 18 Old 02-25-2009, 09:38 PM
MODERATOR
 
54inches's Avatar
 
Join Date: Dec 2006
Location: Dirty Bay, Texas
Posts: 8,984
  
Holy crap, I was just about some order some stuff for the BBC!

2005 CTSV BLACK LS7 Clutch/Flywheel/Slave, Tick Speed Bleeder, Tilton Clutch MC, RevShift Bushings, Domestic V8 Solutions (shifter, 8.8 Diff conversion, srut tower braces, sub-frame connectors), SLP cats, no cags, xpipe, bullet mufflers, Volante, iPod dock, G-force tune; 379hp 381tq.

Killing 5th gens like it is my job.
54inches is offline  
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the ModernCamaro.com - 5th Generation Camaro Enthusiasts forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in










Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome