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Thread: Weld Wheels files for Bankruptcy
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09-01-2006, 01:12 PM #1
Weld Wheels files for Bankruptcy
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
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09-01-2006, 04:57 PM #2
- Join Date
- Aug 2005
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- Thornton, CO
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- 23,773
Red Tint Jewelcoat- 2008 Trailblazer SS
Looking to order/acquire my front runners soon.
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09-01-2006, 06:23 PM #3
Cragar ..... Now Weld Too
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.
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09-03-2006, 04:04 PM #4
- Join Date
- Dec 2005
- Location
- Ms
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- 57
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.
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09-03-2006, 04:27 PM #5
- Join Date
- Aug 2005
- Location
- Thornton, CO
- Posts
- 23,773
Red Tint Jewelcoat- 2008 Trailblazer SS
Check Summit/Jegs.
Both had the front runners in stock as of Friday.
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09-07-2006, 06:22 PM #6
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- Apr 2006
- Location
- texas
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- 32
black- 2001 t/a
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.
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09-07-2006, 07:01 PM #7
- Join Date
- Aug 2005
- Location
- Thornton, CO
- Posts
- 23,773
Red Tint Jewelcoat- 2008 Trailblazer SS
Yikes.
Summit/Jegs has some sizes in stock.
Paid for my front runners today. Should be on their way tomorrow.
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