Pfadt Race Engineering Closing Shop

[Grey Ghost]

https://www.facebook.com/PfadtRacing

It’s with heavy hearts that we announce the closing of Pfadt Race Engineering. Since 2006 we have manufactured the highest quality aftermarket components for Corvette, Camaro, and Cadillac right here in Salt Lake City, Utah. Since the addition of Pfadt power products to our extensive suspension line, sales have increased exponentially, which put us into a perpetual backorder. We have spent the past 4 months meeting with investors and venture capitalists trying to secure financing to push Pfadt to the next level and unfortunately the deals to be made were not in our company’s or employee’s best interest. Without a large investment we do not have the resources to meet the demand, which leaves us with no other option but closing our doors.

We would like to thank all of our employees who put their hearts and minds into this business to make it what it is today. We would like to thank our dealers who expertly installed our parts and helped us build our product line with their professional insight. Finally we would like to thank you, our customers. You helped us build a grassroots performance company in the United States. You pushed us to make bolder and better products year after year. You created the Pfadt Family - and that’s what we will miss the most.

We hope this is a minor speed bump on the long road ahead. Much like GM has experienced in the past, we are also experiencing a setback, but we will reorganize and resurface, faster and more streamlined than ever. We have taken care of all of our customers in this deal - you will receive a tracking number for your product or a full refund - and we are sorry for the delays, time lost and backorders many of you experienced. You were all so patient and understanding as we grew, and once again it’s a tribute to how solid the GM community is. We did everything in our power to take care of you and we appreciate the years you allowed us to be a part of your journey. It’s been an amazing ride.

Sincerely,

Aaron Pfadt

...

[simpleman68]

Damn, that sucks. Many racing buddies swear by their stuff although they always seemed very pricey to me.
Scott

[VatorMan]

Originally Posted by simpleman68

Damn, that sucks. Many racing buddies swear by their stuff although they always seemed very pricey to me.
Scott

my racing buddies have had nothing but problems with their Pfadt coilover sets.

[Entropy]

Didn't Datawiz use their stuff? Or have their name on his wrap?

[DaveK88]

Never heard of a place closing there doors because they had to much business

[Luke@tirerack]

Originally Posted by DaveK88

Never heard of a place closing there doors because they had to much business

good point

[Entropy]

Originally Posted by DaveK88

Never heard of a place closing there doors because they had to much business

EG explained it on the FB. Since they are not just a distributor but a manufacturer as well, that requires deeper pockets. If they don't have enough money (or sponsors) to get an order placed with the vendor that supplies the widget, they probably can't get the widget.

At least that's how he explained it. Made sense to me.

[snide]

Originally Posted by Entropy

Didn't Datawiz use their stuff? Or have their name on his wrap?

[simpleman68]

Originally Posted by VatorMan

my racing buddies have had nothing but problems with their Pfadt coilover sets.

They all used QA1s or factory Z shocks with factory springs for drag racing. I didn't realize their coilovers were a nightmare.
Scott

[Grey Ghost]

Originally Posted by Entropy

EG explained it on the FB. Since they are not just a distributor but a manufacturer as well, that requires deeper pockets. If they don't have enough money (or sponsors) to get an order placed with the vendor that supplies the widget, they probably can't get the widget.

At least that's how he explained it. Made sense to me.

Cash flow or problems with negotiated terms with the vendor?

[Entropy]

Originally Posted by Grey Ghost

Cash flow or problems with negotiated terms with the vendor?

Cash flow is what I'm hearing.

[C5SilverBullet]

Spread their money out too thin.

[Datawiz]

Originally Posted by VatorMan

my racing buddies have had nothing but problems with their Pfadt coilover sets.

I had their sport shocks and front swaybar. They were fine in the beginning, but sucked long term. Very fragile stuff.

[Datawiz]

Originally Posted by Entropy

Didn't Datawiz use their stuff? Or have their name on his wrap?

[snide]

Originally Posted by datawiz

Used an iPad to take this picture, eh?

[Datawiz]

Originally Posted by snide

Used an iPad to take this picture, eh?

It was the sample picture I took to show you guys when I got my iPad air. I don't make a habit of taking pictures with an iPad. Very silly.

[snide]

Originally Posted by datawiz

It was the sample picture I took to show you guys when I got my iPad air. I don't make a habit of taking pictures with an iPad. Very silly.

A few weeks ago, we were at a high school basketball game. In the stands, someone had an iPad on a tripod. Must have been a professional.

[Dave]

Originally Posted by DaveK88

Never heard of a place closing there doors because they had to much business

We can't keep up with the demand. We need to close!

[VatorMan]

Originally Posted by datawiz

I had their sport shocks and front swaybar. They were fine in the beginning, but sucked long term. Very fragile stuff.

One of my buddies was one of the first to have their featherlight coilovers. Fragile is an understatement.

[vtelvr]

Originally Posted by C5SilverBullet

Spread their money out too thin.

Sounds that way. Also, this points to they grew too big, too fast. Sometimes, you just have to say "no", or "we will get there, but it can't be right now". People think that turning business away is bad...and it can be, but when you simply cannot take on the extra burden, true customers will understand, especially if they have any business sense whatsoever.




Disclaimer: Some of you may not agree with me on this.