GMC Truck Forum banner

1 - 19 of 19 Posts

·
Registered
Joined
·
826 Posts
Discussion Starter #1
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4614945

Company Overview

Fabtech Industries Inc. manufactures suspension systems and accessories for the offroad enthusiast. It offers traction bars, spacer kits, hydraulic bump stops, coilover conversion products, carrier bearing, traction bar brackets, front bumpers, performance systems, front and rear bumpers, and long travel kits. The company was founded in 1989 and is based in Chino, California. On March 9, 2009, Fabtech Industries Inc. filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Central District of California.
Saw this on another forum, anyone here hear anything about this? If its a repost then fuck me sideways
 

·
Registered
Joined
·
6,133 Posts
i heard they were having trouble keeping the door open but dunno about bankruptcy for sure or not. i went offroading with the owner a while back. he had a sick ass jeep
 

·
Registered
Joined
·
1,151 Posts
i may lift my truck again..

75% clearance sale :big_banana_Dance:
 
M

·
Guest
Joined
·
0 Posts
Some similar shit went around last year. Found it on pirate:

I've been hearing this happened for the past few days. It was a shock but I didnt know if it was true or not. Heres what I got in my e-mail today......


I just wanted to drop a quick note to dispel the rumors that Fabtech has filled Bankruptcy. Apparently one of our competitors was spreading this vicious rumor at an industry party last Thursday night. I have been getting calls from WD's, Jobbers and friends in the industry since last Friday.
This is not true.

Fabtech will be issuing an official response in the next day or so, but in the mean time please pass on to your sales dept. so they can dispel these rumors if a jobber ask.

Feel free to call me to discuss further.

Oh, one more thing, as was mentioned in 2007 this is our OFF year at Sema.

Tony West
Fabtech Motorsports
812-895-0774
www.fabtechmotorsports.com

Glad to hear cause 90% of the lifts I use at my shop are Fabtech.
PRESS RELEASE - October 8, 2008

“State of the Company”

Recently it has come to our attention that slanderous statements were recently made by our competitors that “Fabtech filed for bankruptcy and that is why they are not at the Offroad Expo.” This is not true. We are still in business today and functioning as we have for 19 years.

It is no secret that as with all businesses today we are affected by the downturn in the economy. To aid us during these difficult times we have seeked out equity for the past few months and have obtained offers to support us in this area, which will come to fruition in the next 90 days. In addition to finding equity, we have analyzed our overhead and cut expenses to adapt to the downturn as we see fit. We do not need approval by our competitors for us to cut expenses such as the Offroad Expo. We make our own decisions that are not always understood by others. The decision not to attend the Offroad Expo was much like we did three years ago when we did not attend the SEMA Show. Simply a cut in overhead expenses. Nothing more than that.
The slanderous statements made by our competitors will be handled with legal action against the individuals within the companies that started the defamatory remarks at the Offroad Expo. These individuals have already been identified by name and have been presented to our attorneys for legal action.

In closing it is unfortunate that our competitors feel that the only thing they have to talk about is us and not their own success. Fabtech is open for business today and ready to ship you the quality product that you have come to expect from the leader in suspension.
 

·
Registered
Joined
·
2,862 Posts
Sucks if its true.
 

·
GMFS Military Member
Joined
·
10,899 Posts
I want to see Dirt Logics 75-85% off :Evil:
 

·
Registered
Joined
·
9 Posts
I think alot of the rumor has come from Keystone Automotive Distributing telling alot of their wholesale customers that Fabtech is out of Buisness and Keystone will not be selling their products. I talked to Fabtech about a week ago and this is not the case, Keystone and Fabtech had a falling out (over non-payment I was told) and Fabtech wont sell to Keystone anymore, so in turn, Keystone is telling the customers that fabtech is out of buisness, will not warrenty their lift and all in stock items are non-refundable. Not sure whats true and whats not, this is the story I have been told from both sides.
 

·
181 whp
Joined
·
152 Posts
fuck keystone and there goddamn aftermarket parts.
 

·
The Green Seal
Joined
·
3,721 Posts
1 - 19 of 19 Posts
Top