Re: Edelbrock closing Torrance CA facility.
[Re: moparx]
#2882810
02/01/21 04:12 PM
02/01/21 04:12 PM
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Joined: Jan 2005
Posts: 12,478 Kalispell Mt.
HotRodDave
I Live Here
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I Live Here
Joined: Jan 2005
Posts: 12,478
Kalispell Mt.
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I don't know who billy is but he should be able to pick up a performer manifold made 20 years ago, put it next to one made yesterday and visibly see the quality has tanked, same with comp. It has less to do with moving HQ, heck I would want to ditch CA also (as long as it's USA) than it does price, quality, availability, tech support, keep up with modern car parts...
I am not causing global warming, I am just trying to hold off a impending Ice Age!
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Re: Edelbrock closing Torrance CA facility.
[Re: 4406bbl]
#2882924
02/01/21 09:35 PM
02/01/21 09:35 PM
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Joined: Jan 2003
Posts: 27,551 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,551
So Cal
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Another reason why I don’t believe this is ALL just a “California is miserable for business thing”....
#1) Edelbrock Corp does not own the land the main site is on.... still owned by the family
#2) Two other parcels with museum and manufacturing were sold by Edelbrock Corp (ISN) last April 2020 and Oct 2019 for.... $18.1M and 9.6M respectively. ... all public record BTW.
I’m thinking $29.7 million will buy some property and buildings in Olive Branch Mississippi for everyone to be under one roof... maybe pay off some debt too???
Last edited by autoxcuda; 02/01/21 09:57 PM.
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Re: Edelbrock closing Torrance CA facility.
[Re: 340Cuda]
#2883088
02/02/21 01:04 PM
02/02/21 01:04 PM
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Joined: Jan 2003
Posts: 27,551 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,551
So Cal
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So they already own the land and faculties in Olive branch. WITH room to grow. Company now has $29.7 million to buy are put down payment to buy future companies... which they said they would be doing. AND... they don’t have to pay rent on the main facility. IF Edelbrock was in Arizona and had this same rent and property value... it would STILL make sense to move.
Last edited by autoxcuda; 02/02/21 01:06 PM.
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Re: Edelbrock closing Torrance CA facility.
[Re: Sniper]
#2883774
02/03/21 09:18 PM
02/03/21 09:18 PM
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Joined: Dec 2003
Posts: 23,276 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: 23,276
Here
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"Aftermarket parts supplier Edelbrock is closing its Torrance, California, headquarters and manufacturing plant and shifting its operations to separate facilities in-state and across the country.
Edelbrock’s administrative offices will be moved to a 300,000-square-foot facility in Olive Branch, Mississippi, while most manufacturing processes will be transferred to its San Jacinto, California, plant, located about 95 miles east of Torrance.
When asked about the move, Edelbrock Group Chief Commercial Officer Chris Douglas cited the company’s merger with COMP Performance Group in early 2020 as a primary factor. “We had seven campuses between us across the country,” he explained, “so it made a lot of business sense to sit down and ask, ‘What skill sets do we have at these various locations, and where can we make our organization stronger and combine efficiency?’
From PRI
" 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: Sniper]
#2883787
02/03/21 09:37 PM
02/03/21 09:37 PM
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Joined: Jan 2003
Posts: 15,831 Omaha Ne
TJP
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,831
Omaha Ne
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well, I left in 94 and I'd have to be really rich to move back. myself as well on both counts. I was in Smog Jose, what part were you in ?
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Re: Edelbrock closing Torrance CA facility.
[Re: TJP]
#2884063
02/04/21 04:33 PM
02/04/21 04:33 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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well, I left in 94 and I'd have to be really rich to move back. myself as well on both counts. I was in Smog Jose, what part were you in ? San Diego for almost 10 years. Got there in late 84, moved in early 94.
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Re: Edelbrock closing Torrance CA facility.
[Re: AndyF]
#2884252
02/05/21 10:02 AM
02/05/21 10:02 AM
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Joined: Jan 2007
Posts: 936 Chicago
rocksmopar
super stock
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super stock
Joined: Jan 2007
Posts: 936
Chicago
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So many large Businesses are escaping California due to very high taxes and liberal based policies..
Every action does have a reaction, good or bad....
Looking for affordable 72-74 Cuda parts
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