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Crane Purchase Still On According to Scorpion


Crane Purchase Still On According to Scorpion

We have just spoken to Scott Reynolds, VP of Marketing for Scorpion Performance and he confirmed with us that the company still intends to buy Crane Cams along with its assets and put employees back to work.

“The deal is 99.9% done and could be closed as early as this coming Monday,” Reynolds told Bangshift.com. “We had a job fair yesterday and 200 employees showed up. We have their resumes and information. We’re looking forward to opening that company back up and getting people back to work.”

The press release regarding the liquidation auction of the company’s assets, set for mid April was unexpected by Reynolds and Scorpion and seems to have no bearing on the impending sale of the company. “Someone is going to buy Crane Cams and when they do they are going to need the factory and equipment,” Reynolds said.

Scorpion is planning on sending a press release out later today to expound on this information but you heard it here first. As more information becomes available we’ll have it for you here at BangShift.com


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