Weld Wheels files for Bankruptcy

[Blk00ws6]

This is on my local board. Thought I'd share.

Weld Wheel Industries, a Kansas City maker of high-performance automotive wheels, filed for Chapter 11 bankruptcy protection this morning and plans to sell its assets.

The 21-year-old, family-owned business said it lost $1.1 million in the first six months of this year on net sales of $21.8 million. The abbreviated bankruptcy petition did not break down Weld Wheel’s debts, but said that the company has total assets of $31.6 million.

The bankruptcy documents stated that Weld Wheels has signed an asset-sale agreement with American Racing Equipment Inc. in southern California. Terms of the sale were not listed.




http://www.kansascity.com/mld/kansascity/15297541.htm

[Mr. Luos]

:yup:


Looking to order/acquire my front runners soon. :lol:

[LS2Tuner]

That REALLY SUCKS!!!!!!!!!!!!!!
The same thing happened here in town with Cragar.............
IF YOU WOULD OF EVER TOLD ME CRAGAR WHEELS WAS GOING BANKRUPT I WOULD TELL YOU TO SET CRACKPIPE DOWN!!!! But look it did happen and now Weld too..............Fucking shame.

[perkdaddy08]

Yea I was gonna order some the other day but come to find out nobody has them. So I just ordered some Holeshot Holestars. I had to get them custom made for 7.5" backspacing. They will be in in 2 weeks. Also ordered some et streets to go with them and they are being shipped to me mounted, balanced, and rim screwed.

[Mr. Luos]

Check Summit/Jegs.

Both had the front runners in stock as of Friday.

[sd1971]

i have been waiting on 15x10 prostars from jegs for a month. the last time a called was monday and was told they would have some by the end of the month. i also wrote weld and was told there was a shortage of material to make the wheels but it is arriving daily.

[Mr. Luos]

Yikes.

Summit/Jegs has some sizes in stock.
Paid for my front runners today. Should be on their way tomorrow. :yup: