CRANE CAMS CLOSES DOORS
Tue, 2009-02-24 23:35
Crane Cams closed its doors after 56 years in business and laid off
employees, this according to a report on News-JournalOnline.com, the
website for the Daytona Beach, Fla., newspaper.
According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business.
“We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.” Crane Cams closed its doors after 56 years in business and laid off employees, this according to a report on News-JournalOnline.com, the website for the Daytona Beach, Fla., newspaper.
According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business.
“We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.”
Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Fla.
In 1979, Crane Cams became an employee-owned company. Some operations moved to Daytona Beach in 1981, with the remainder of the operation and employees relocating here in 1985.
Mikronite, an industrial technology firm, bought Crane in 2006.
According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business.
“We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.” Crane Cams closed its doors after 56 years in business and laid off employees, this according to a report on News-JournalOnline.com, the website for the Daytona Beach, Fla., newspaper.
According to the report, county and state officials were working with Crane Cams and its New Jersey-based parent company, Mikronite Technologies, to keep the company in business.
“We were trying to help them through this transition,” Rick Michael, Volusia County economic development director told News-JournalOnline. “They were considering a transfer of ownership. We were not expecting any closure.”
Crane Cams and Crane Technologies Group were founded by Harvey J. Crane Jr. in 1953 as Crane Engineering Inc. in Hallandale, Fla.
In 1979, Crane Cams became an employee-owned company. Some operations moved to Daytona Beach in 1981, with the remainder of the operation and employees relocating here in 1985.
Mikronite, an industrial technology firm, bought Crane in 2006.
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