Is edelbrock still alive

Not long ago we were talking about Edelbrock being sold. When I was in York for the N.S.R.A show I talked to the guys at the Edelbrock booth an they sayed it was not true. Edelbrock was not for sale. So what has happened, Anyone know?

 

Business as usual...

 

From people who know, YES it was financialy restructured. Of course the details are private but.

Below is a more detailed explanation. Consistant with what I have learned to be what happened

Copied from this link http://extrafastnews.co.cc/archives/3580.html

Industrial Opportunity Partners has invested one undisclosed amount into Edelbrock LLC, a Torrance, Calif.-based maker of automotive aftermarket products. The deal was rendered. in partnership with company management.
EVANSTON, IL – June 17, 2010 – (Motor Sports Newswire) – Industrial Opportunity Partners (“IOP”), each operations-focused private equity firm based in Evanston, IL, announced that it has partnered by Vic Edelbrock, Jr. and other existing shareholders in an investment in Edelbrock LLC and its affiliates (“Edelbrock” or the “Company”) of Torrance, Calif.
Edelbrock is a chief national manufacturer, distributor, and marketer of high-performance automotive aftermarket products. Founded 71 years ~ne, Edelbrock has grown to become a**** the most recognizable consumer stain in the automotive aftermarket industry, synonymous with superior quality, customer remuneration and proven performance. Operating from six manufacturing and distribution facilities located in Southern California, the Company offers more than 8,000 product SKUs, such as intake manifolds, carburetors, cylinder heads and supercharger systems, and maintains a impregnable distribution network with leading automotive retailers, mail order catalogue houses, store distributors and performance specialty dealers.
IOP is partnering in its investing. with Vic Edelbrock, Jr., an industry icon who has led the Company before this 1962, as well as other shareholders and members of the Edelbrock line of ancestors. Mr. Edelbrock will be the Chairman of the Company and direct continue to provide his leadership, ingenuity, and industry knowledge to the executory management team at the Company. IOP Operating Principal, John Colaianne, force of ~ ***ume the position of President of the Company alongside Mr. Edelbrock and have a mind be actively involved with daily operations. Mr. Colaianne, who has weighty experience in automotive component and general manufacturing, is a member of IOP’s Board of Operating Principals, which is comprised of seasoned executives who provide leadership to businesses in what one. IOP invests.
Bob Vedra, Managing Director of IOP, stated, “On profit of IOP, we are very excited to partner with Vic and his house in Edelbrock, a business whose strong brand is rooted in the Company’s account of innovation and its leading product portfolio of performance automotive aftermarket components.” IOP Managing Director Adam Gottlieb added, “IOP is excited to act with Edelbrock’s customers, vendors and employees to build on these strengths and remain to grow this legendary Company.”
Mr. Edelbrock commented, “IOP will produce the capital and operating perspective to allow us to take favorable opportunity of our tremendous new product opportunities and to further develop our Company taken in the character of the premier provider of high quality, proven performance parts.” Mr. Colaianne added, “I observe forward to working closely with Vic, his team and all Edelbrock ***ociates in continuing this tradition of product excellence.”
Edelbrock represents IOP’s seventh platform company in its current $185 the m***es committed fund. Notably, the investment in Edelbrock is the fourth successive platform investment made by IOP in family-owned businesses in union with their existing shareholders.
The Spartan Group, a Pasadena, California-based investment banking firm specializing in mergers and acquisitions, represented Edelbrock and its shareholders in this matter.
About Edelbrock Holdings, Inc.
Edelbrock is a leading national manufacturer, distributor, and marketer of ~-reaching-performance automotive aftermarket products. The Company operates from six manufacturing and par***ion facilities located in Southern California. For more information, visit Edelbrock’s website at www.edelbrock.com.

 

Basically the corporation took capital from an venture capital group in trade for Edelbrock common stock. Vic Jr is still deeply involved but has to share the company with IOP the venture capitol firm. Hope Vic Jr kept 51%.

 

Is there a pool as to how long it takes for jobs to move to another country?

 

IOP needs to hire someone to write in English. Hope Edelbrock is around forever.

 

How long until the domestic parts start to be offshored to raise the profit margin and then their good name is run down by subpar parts.

 

I think Vic is pretty serious about keeping stuff made in America and I don't think he would have made a decision like this if there was the possibility of offshoring. Let's not be too pessimistic.

 

From what I read on another site, Vic has only 5%, Yes 5% of the company stock and the one daughter who was really involved is completely out of the picture and no longer works for Edelbrock.

It was bad. That or Edelbrock would have went kaputt. Those mul***ude of offshore companies (read made in China and Tawian)making manifolds and cylinder heads really hurt them. Too many car guys say they will buy American but when they see that $200 intake from Edelbrock or that same appearing intake for $110.00 guess which one they buy. Guys on the thread below talked about the offshore companies making exact copies of the Edelbrock cylinder head in China and selling them for 1/2 of what Edelbrock did...and hobbyist are gobbling them up

Also the takeover company has a history of eventually moving manufacturing operations to lower wage countries and we know what those are.

Here is another thread on the subject from another site:

http://board.moparts.org/ubbthreads/showflat.php?Cat=0&Number=6044876&page=0&fpart=1&vc=1

 

Itll be a damn shame if it does happen but I wouldnt be surprised. If Vic does only have that small of a share left in the company it doesnt matter what he wants.

 

The future is here boys, just keep plugging till the machines come....................

 

about 4 months ago while waiting in my doctors office in one of the money books
i read a story about edelbrock .it was sold by the investment company to a german
frim,and vic only now ownes 5% no other members of the family are involved his
daughter is working for anther co.in pr.the company invested in them because of the
foundry which is state of the art.it said that they intend to keep making stuff here but also they would use the foundry other thing they make.it was cheaper to buy
edelbrock then build new plant here

 

Kinda like the AMF take over of Harley.

 

Nothing like AMF buying Harley. American Machine and Foundry is a manufacturing company that saw an opportunity to buy an iconic American company and use it's manufacturing expertise and available plants to try and expand Harley Davidson. The fact that they were not motorcycle enthusiasts and got into their own financial trouble which caused them to start pushing bikes of inferior build quality out the door is another story. And the fact remains that if AMF had not bought Harley Davidson they would have dies at that period of time - they were in that much trouble. Hard as it is for many to believe - AMF "Saved" Harley Davidson from certain death.
This is a venture capitol firm - they don't make anything. They but companies with the expressed plan of growth through investment. Different scenario altogether

 

Not Good. 5% gives him no say in what happens. Although his opinion may be valued by the BOD that is only as deep as the green ink on a dollar bill.

The moment the balance sheet faulters his opinion goes out the window.

 

AMF may have saved Harley but thay were making junk. I hope that doesn't happen to Edelbrock