Re: Edelbrock closing Torrance CA facility.
[Re: topside]
#2881869
01/29/21 09:38 PM
01/29/21 09:38 PM
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Joined: Jan 2003
Posts: 12,801 Benton, IL.
DaveRS23
OP
Master of nothing...
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OP
Master of nothing...
Joined: Jan 2003
Posts: 12,801
Benton, IL.
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Here's the text:
"Edelbrock Group, a Southern California-based manufacturer and distributor of aftermarket auto parts, will soon be shuttering its Torrance headquarters which employs 270 workers.
In a recent notice sent to the state Employment Development Department, the company said employee layoffs would begin Jan. 15 and end March 31. The closure will affect 217 hourly workers and 53 salaried employees.
The Torrance facility includes executive offices as well as sales, advertising and marketing departments. The facility also has a state-of-the-art research and development department, testing facilities and manufacturing operations.
Neva Burke, Edelbrock’s vice president of human resources, didn’t give a reason for the Torrance shutdown in her letter to the EDD, although she said some of the operations will be relocated to the company’s casting foundries in San Jacinto.
She didn’t reveal how many displaced workers, if any, might be shifted to that location. Edelbrock is owned by Evanston, Ill.-based Industrial Opportunity Partners, which also declined to discuss the Torrance closure.
Edelbrock designs, manufactures, distributes and markets a wide range of aftermarket products, including intake manifolds, carburetors, camshafts, cylinder heads, exhaust systems, shock absorbers and other components designed for most domestic V8 and select V6 engines.
Edelbrock’s website lists six company locations, including the headquarters in Torrance, two casting foundries in San Jacinto, a distribution center in Olive Branch, Miss., a carburetor factory in Sanford, N.C. and the Edelbrock Race Center in Mooresville, N.C.
In February 2020, Industrial Opportunity Partners acquired COMP Performance Group, whose automotive brands include COMP Cams, TCI Automotive, FAST, ZEX and Inglese."
Master, again and still
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Re: Edelbrock closing Torrance CA facility.
[Re: TJP]
#2881882
01/29/21 09:56 PM
01/29/21 09:56 PM
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Joined: Dec 2003
Posts: 23,273 Here
jcc
If you can't dazzle em with diamonds..
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If you can't dazzle em with diamonds..
Joined: Dec 2003
Posts: 23,273
Here
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You are likely not far off in this yet untold story, except for this elephant in the room, bean counters only see all electric on the horizon, and figure in this fractured market, now is as good as time, as any to start easing out the plug, which is an opposite pun?.
" All sorts of things can happen when you are open to new Ideas" Inventor of Kevlar
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Re: Edelbrock closing Torrance CA facility.
[Re: jcc]
#2881900
01/29/21 11:08 PM
01/29/21 11:08 PM
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Joined: Dec 2005
Posts: 12,289 Fulton County, PA
CMcAllister
Mr. Helpful
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Mr. Helpful
Joined: Dec 2005
Posts: 12,289
Fulton County, PA
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"The facility also has a state-of-the-art research and development department, testing facilities and manufacturing operations."
Don't need all that if you're going to cut back on the product line, buy junk from China, put your name on it and sell it for the same price the USA made stuff was.
If the results don't match the theory, change the theory.
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Re: Edelbrock closing Torrance CA facility.
[Re: TJP]
#2881923
01/30/21 01:04 AM
01/30/21 01:04 AM
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Joined: Jan 2003
Posts: 27,548 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,548
So Cal
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I can't read the article without accepting cookies and clicking off the subscription offer. Some companies are relocating to TX or other States that welcome business. Why any business that can relocate stays in CA is beyond me. But the big question is whether Edelbrock's manufacturing is going offshore to Joe Xiden's pals. I couldn't skim the article fast enough to determine that. My bet is it will as some of their products already have Once they sold out it was only a matter of time IMO. I'm sure that both Vic's are rolling in their resting places. BTW the same Investment group bought Comp cams and a bunch of other performance companies as well. Tech support will likely be moved to the middle east or Philippines Vic Jr sold it when he was still alive to another investment firm. The Comp stuff has gone down hill for sure. used a bunch of stuff from up to a few years ago and was fine. 6 months ago friend installed TWO same part number Comp cams that went flat on the run stand. I sold him a 20 year old MP cam and all this fine. They are keeping the Edelbrock foundry in San Jacinto CA. That’s something very unique in that industry. And could cast parts for their other (or future) brands
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Re: Edelbrock closing Torrance CA facility.
[Re: Sniper]
#2882002
01/30/21 12:00 PM
01/30/21 12:00 PM
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Joined: Jan 2003
Posts: 13,690 md
mopars4ever
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 13,690
md
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Corporate HQ moved when the company got sold. All they are doing now is eliminating redundancy, as they see. You or I would probably like to see Edelbrock keep going on as it did. The owners care less about you or I.
I hope this isn't the sound of the toilet being flushed and the beginning of Edelbrock swirling. I agree
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Re: Edelbrock closing Torrance CA facility.
[Re: Sniper]
#2882044
01/30/21 02:07 PM
01/30/21 02:07 PM
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Joined: Jan 2003
Posts: 27,548 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,548
So Cal
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Corporate HQ moved when the company got sold. All they are doing now is eliminating redundancy, as they see. You or I would probably like to see Edelbrock keep going on as it did. The owners care less about you or I.
I hope this isn't the sound of the toilet being flushed and the beginning of Edelbrock swirling. Edelbrock sold to IOP in 2010. Do you mean HQ moved after IOP bought Comp??
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Re: Edelbrock closing Torrance CA facility.
[Re: autoxcuda]
#2882052
01/30/21 02:21 PM
01/30/21 02:21 PM
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Joined: May 2019
Posts: 6,497 nowhere
Sniper
master
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master
Joined: May 2019
Posts: 6,497
nowhere
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Corporate HQ moved when the company got sold. All they are doing now is eliminating redundancy, as they see. You or I would probably like to see Edelbrock keep going on as it did. The owners care less about you or I.
I hope this isn't the sound of the toilet being flushed and the beginning of Edelbrock swirling. Edelbrock sold to IOP in 2010. Do you mean HQ moved after IOP bought Comp?? Yes. The new HQ is in Chicago where IOP's corporate HQ is as they are calling the shots. IOP probably got a new suit hired on who has to make a name for himself and axing Edelbrock's legacy staff fits his ticket just fine. Who cares that in 5 years Edelbrock will be just another memory, he'll be somewhere else. You know the recent lotto prize was pushing a billion, I always wondered what I'd do if I ever won that. Rescuing Edelbrock would be a good thing to think about. Here's some feed back from workers there https://www.indeed.com/cmp/Edelbrock-LLC/reviews?fcountry=US&floc=Torrance%2C+CA
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Re: Edelbrock closing Torrance CA facility.
[Re: Sniper]
#2882055
01/30/21 02:25 PM
01/30/21 02:25 PM
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Joined: Jan 2003
Posts: 13,690 md
mopars4ever
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 13,690
md
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You know the recent lotto prize was pushing a billion, I always wondered what I'd do if I ever won that. Heck, I can even win on a scratch off. LOL
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Re: Edelbrock closing Torrance CA facility.
[Re: mopars4ever]
#2882063
01/30/21 02:42 PM
01/30/21 02:42 PM
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Joined: May 2019
Posts: 6,497 nowhere
Sniper
master
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master
Joined: May 2019
Posts: 6,497
nowhere
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You know the recent lotto prize was pushing a billion, I always wondered what I'd do if I ever won that. Heck, I can even win on a scratch off. LOL Funny thing is, I never bought a ticket and still had the same chance of winning, lol.
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Re: Edelbrock closing Torrance CA facility.
[Re: mopars4ever]
#2882072
01/30/21 03:25 PM
01/30/21 03:25 PM
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Joined: Jul 2003
Posts: 4,825 Holland MI Ottawa
2boltmain
master
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master
Joined: Jul 2003
Posts: 4,825
Holland MI Ottawa
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Dang. in the 80s it was a given- a right of passage for a youngster to replace their stock iron 4 bbl manifold with a Performer. A factory 2bbl manifold replaced with a performer and Holly was like adding a blower. 375hp 440 Magnums ran great with a Torker.
Keep old mopars alive.
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Re: Edelbrock closing Torrance CA facility.
[Re: 2boltmain]
#2882348
01/31/21 12:19 PM
01/31/21 12:19 PM
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Joined: Apr 2003
Posts: 3,564 Tulsa, Oklahoma
340Cuda
master
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master
Joined: Apr 2003
Posts: 3,564
Tulsa, Oklahoma
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I was not able to get a direct link, but Billy Godbold at Comp has some interesting thoughts on this. https://www.facebook.com/billy.godboldYou will need to scroll down to see the post about the move. This is his initial post, you will need to go to Facebook to see his other comments. "It is absolutely amazing to me that when anyone outside of the Automotive Aftermarket industry leaves California, everyone totally understands. As you can read for yourself, when Musk & SpaceX relocate to Texas, Forbes writes that their next stop is the Moon then Mars... For almost identical reasons (allowing greater growth, a central location, and a much more business friendly political environment) one of our cornerstone companies moves its HQ and our automotive press thinks it is the end of the world... "
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