Thu Feb 26, 2009 10:01 pm
Crane Cams
In case you missed this in Cyril's Blog.
Crane Cams is well known in high-performance and racing circles for its line of camshafts and engine valve train components. The company just closed its doors this week and fired all its employees. Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Florida. 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 in New-Jersey, bought Crane in 2006. Recently Crane has gone through a series of small layoffs but signed a 10-year lease. So the closure surprised Volusia County and State Officials who were working with Crane Cams to keep the company open and in the community. This is bad news for the moderate-displacement engine builders who relied on Crane for cam and ignition solutions.
Crane Cams is well known in high-performance and racing circles for its line of camshafts and engine valve train components. The company just closed its doors this week and fired all its employees. Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Florida. 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 in New-Jersey, bought Crane in 2006. Recently Crane has gone through a series of small layoffs but signed a 10-year lease. So the closure surprised Volusia County and State Officials who were working with Crane Cams to keep the company open and in the community. This is bad news for the moderate-displacement engine builders who relied on Crane for cam and ignition solutions.
