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-   -   MSD files for bankruptcy (https://classracer.com/classforum/showthread.php?t=49230)

Comp 798 09-06-2013 02:35 PM
Re: MSD files for bankruptcy
 
Statement from MSD.....

http://www.msdperformance.com/defaul...393&blogid=429

Ed Fernandez 09-06-2013 08:17 PM
Re: MSD files for bankruptcy
 
Quote:
Originally Posted by Chad Rhodes (Post 398636)
It's just proof that 1320racer is a moron
More like a boil on the *** of class racers.

Tom keedle 09-06-2013 08:37 PM
Re: MSD files for bankruptcy
 
Quote:
Originally Posted by 1320racer (Post 398594)
big news in our world but not really surprising given the companies in the performance industry that have filed, been bought out or folded over the past decade.

Further proof that drag racing is on life support.
how about all the circle track guys?
they use a LOT of MSD stuff, off-road guys too.

randy wilson 09-06-2013 09:49 PM
Re: MSD files for bankruptcy
 
If the truth were known, I'd say obamacare had a little something to do with their thought process.

David Lee 09-07-2013 04:01 AM
Re: MSD files for bankruptcy
 
Did not MSD get sold to a private equity firm Coutant Capital Associates a few years ago? They most likely bled off the profits and let the company go into financial problems.

Ed Wright 09-07-2013 11:05 AM
Re: MSD files for bankruptcy
 
Quote:
Originally Posted by David Lee (Post 398734)
Did not MSD get sold to a private equity firm Coutant Capital Associates a few years ago? They most likely bled off the profits and let the company go into financial problems.
Yes, they did. Along with Superchips Inc & a few others. Taken over by bean counters is never a good thing.

Ed Wright 09-07-2013 11:07 AM
Re: MSD files for bankruptcy
 
Quote:
Originally Posted by Ed Fernandez (Post 398689)
More like a boil on the *** of class racers.
Except he is not a class racer. Just a bracket racer. No rules, just a shoe polish bottle.

treessavoy 09-07-2013 11:21 AM
Re: MSD files for bankruptcy
 
Is this not the same thing that happened to Crane Cams? If so why didn't Drag Racing fail?

Just a thought.

JimR

Keith 944 11-21-2013 09:59 AM
Re: MSD files for bankruptcy
 
settlement reached:
Law360, Wilmington (November 20, 2013, 10:30 PM ET) -- Bankrupt auto parts maker MSD Performance Inc. announced Tuesday that it would sell itself as a going concern to Z Capital Partners LLC, having accepted the private equity firm's $78 million offer.

The Texas-based parts maker, which had been aiming to sell itself through a Section 363 auction, tapped Z Capital as the winning bidder after the firm was the only party to submit a qualified offer by Monday's bid deadline, according to a notice filed in Delaware bankruptcy court.

340Cuda 11-22-2013 06:58 PM
Re: MSD files for bankruptcy
 
https://www.zcap.net/


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