Brian@VersaMil
Stainless
- Joined
- Mar 18, 2001
- Location
- Gaston, Oregon USA
I received an email this morning announcing the sale of Drake Mfg out of receivership. Kind of a shock to see what seemed like an outwardly very successful company going bankrupt. Sold for two million dollars, which frankly is chump change for an ongoing manufacturing company. Anybody out there know what the heck happened?
Drake started out re-manufacturing manual thread grinders, and then eventually came out with their own line of CNC grinders.
Selling machines to China as well as Europe and the USA, one would think this company was bullet proof.
Drake started out re-manufacturing manual thread grinders, and then eventually came out with their own line of CNC grinders.
Selling machines to China as well as Europe and the USA, one would think this company was bullet proof.