Despite auction, don’t write Crane Cams off yet!
The reports of Crane Cams’ demise may be premature. Early reports are that intellectual assets and inventory were purchased by the company’s former president and CEO in partnership with S&S Cycle.
The Daytona Beach News-Journal Online is reporting that Crane Cams may reopen despite an auction of all its assets yesterday at their Daytona Beach headquarters.
Staff Writer Bob Koslow noted that former Crane Cams president and CEO Lance Harris, and Wisconsin-based S&S Cycles spent $1.2 million for the company’s intellectual property. It included 16 trademarks, three patents, and the company name. Also purchased was $215,000 for all the camshafts, valve trains, motorcycle and electronic inventories.
The article went on to note that the new owners plan to reopen Crane Cams under new management and at a different location.
S&S Cycles, based in the small town of Viola with facilities also in LaCrosse, makes engines, components and parts for American-made motorcycles.
Harris resigned as Crane Cams CEO when the company closed. He reportedly formed Triton Performance Valve Train LLC, to buy Crane Cams, but that deal fell through.
Old Cars Weekly was unable to contact anyone Thursday morning who would confirm the information, but continues to follow the story.
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