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-   -   MSD bankrupt... this can't be good (https://classracer.com/classforum/showthread.php?t=49279)

Tod Lane 09-09-2013 12:24 PM
MSD bankrupt... this can't be good
 
http://www.msdperformance.com/defaul...393&blogid=429

njk53 09-09-2013 01:55 PM
Re: MSD bankrupt... this can't be good
 
It looks like MSD acquired some companies that are not part of their core business or they bought out competitors and/or suppliers and couldn't handle the debt caused by those purchases. The company probably expanded to quickly and incurred overwhelming debt they couldn't get out from under. This has happened to a lot of suppliers on the OEM side of the car business.

Now they want to get rid of those acquired companies to offload some of the debt and it also looks like to me they may be trying to sell the whole company to another party. Don't be surprised if they sell it lock, stock, and barrel and move the company out of the country.

Tod Lane 09-09-2013 08:19 PM
Re: MSD bankrupt... this can't be good
 
Quote:
Originally Posted by njk53 (Post 399138)
It looks like MSD acquired some companies that are not part of their core business or they bought out competitors and/or suppliers and couldn't handle the debt caused by those purchases. The company probably expanded to quickly and incurred overwhelming debt they couldn't get out from under. This has happened to a lot of suppliers on the OEM side of the car business.

Now they want to get rid of those acquired companies to offload some of the debt and it also looks like to me they may be trying to sell the whole company to another party. Don't be surprised if they sell it lock, stock, and barrel and move the company out of the country.
There is no good outcome from this

Greg Hill 09-09-2013 10:13 PM
Re: MSD bankrupt... this can't be good
 
Like a lot of companies. Took on a bunch of debt to buy other companies that they paid too much for an didn't understand.


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