Crane Cam Closes Doors

raycutchins · February 24th, 2009, 08:19 PM

Crane Cams closed its doors after 56 years in business and laid off employees, this according to a report on News-JournalOnline.com, the website for the Daytona Beach, Fla., newspaper.

According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business.

“We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.”

Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Fla.

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.

Drag Racing Internet Magazine - Competition Plus.com - CRANE CAMS CLOSES DOORS

unlicensed to drive · February 24th, 2009, 08:20 PM

Oh my god, the shit just hit the fan in the camshaft business. What if Comp is next!!!

TheUNZippee! · February 24th, 2009, 08:20 PM

unlicensed to drive · February 24th, 2009, 08:21 PM

I just got depressed. We may never get cams if Comp closes down

NastyFX4 · February 24th, 2009, 08:23 PM

That's not good news ...

raycutchins · February 24th, 2009, 08:24 PM

I think Crane fell because of their close partnership with GM.

unlicensed to drive · February 24th, 2009, 08:24 PM

I hope this will not be a Domino effect.

UrbanRedneck · February 24th, 2009, 08:27 PM

Originally Posted by mustangfan123

I just got depressed. We may never get cams if Comp closes down

I wouldn't go that far. Comp is a much bigger company than crane, they almost monopolize the off-the-shelf cam industry.

It's sad though because yet another company has fallen. And it is also a sign that the autmoitive performance aftermarket is being hit by the poor economy as well.

Trick Tuners · February 25th, 2009, 11:10 AM

I'd say that more big companies are going to fall before the recession is over.

707Stang · February 25th, 2009, 11:25 AM

this is ..... wow

February 24th, 2009, 08:19 PM	#1
raycutchins Regular Join Date: Jan 2007 Posts: 138 iTrader: 0 reviews	Crane Cam Closes Doors Crane Cams closed its doors after 56 years in business and laid off employees, this according to a report on News-JournalOnline.com, the website for the Daytona Beach, Fla., newspaper. According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business. “We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.” Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Fla. 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. Drag Racing Internet Magazine - Competition Plus.com - CRANE CAMS CLOSES DOORS __________________ 2007 Shelby Cobra GT500, bone stock, for now......

February 24th, 2009, 08:23 PM	#5
NastyFX4 Made in U.S.A. 2011 F150 FX4 Join Date: Jan 2009 Location: Florida Posts: 16,010 iTrader: 9 reviews	That's not good news ... __________________

February 24th, 2009, 08:24 PM	#6
raycutchins Regular Join Date: Jan 2007 Posts: 138 iTrader: 0 reviews	I think Crane fell because of their close partnership with GM. __________________ 2007 Shelby Cobra GT500, bone stock, for now......

February 25th, 2009, 11:10 AM	#9
Trick Tuners MM Fanatic KB'd GT Join Date: Nov 2006 Location: San Diego Posts: 4,467 iTrader: 3 reviews	I'd say that more big companies are going to fall before the recession is over. __________________ Check out my forums for stuff on troubleshooting, tuning, etc We teamed up with Socal Performance Racing to bring dyno tuning to San Diego. Be friends with us on FB

February 25th, 2009, 11:25 AM	#10
707Stang I'm Hella From NorCal 2008 GTI 14.65 @ 99.83 Join Date: Jan 2007 Location: NorCal Suckas! >;) Posts: 1,160 iTrader: 0 reviews	this is ..... wow __________________ The Curse 600 CFM Edelbrock, Hookers, Pertronix billet dizzy, Accel coil, GT40 heads, 5.0 h.o, dynomax exhaust, SSBC, FRPP 9mm wires, tci

February 24th, 2009, 08:20 PM	#2
unlicensed to drive MM Fanatic Blank Join Date: Feb 2009 Posts: 4,733 iTrader: 1 reviews	Oh my god, the shit just hit the fan in the camshaft business. What if Comp is next!!!

February 24th, 2009, 08:21 PM	#4
unlicensed to drive MM Fanatic Blank Join Date: Feb 2009 Posts: 4,733 iTrader: 1 reviews	I just got depressed. We may never get cams if Comp closes down

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