Mebfab
Diamond
- Joined
- Jun 7, 2003
- Location
- Mebane North Carolina USA
they lack vision became greedy and hass ate their lunch
by the way a own 3 fadals
MAG tried to expand it to lathes and different machines.. The "New" Fadal is trying to do the same.
I guess this is what the "new" Fadal is: New Fadal Prices | New Fadal CNC For Sale at Worldwide Machine Tool
I can't remember reading a post here about someone buying a new one, I hope if it happens they'll make a thread on it.
I will say, looking around that shop, it looks about what my shop would look like if I produced VMC's. It just looks like a machine shop.
Now go take a walk around Haas facility and it looks like a machine tool mfg.
Sad they went away, but when they didn't want to keep running the company, then they made the best choice selling out. Then Mag ruined it.
I will say, looking around that shop, it looks about what my shop would look like if I produced VMC's. It just looks like a machine shop.
Now go take a walk around Haas facility and it looks like a machine tool mfg.
Sad they went away, but when they didn't want to keep running the company, then they made the best choice selling out. Then Mag ruined it.
The DeCaussian family (Fadal owners) have said selling FADAL at the time was the best business decision they ever made.
Selling the company was not an easy decision, originally the brothers had planned on passing it down to the next generation of de Caussins, but there were some problems. Fadal's cash was tied up in property, equipment, inventory, and accounts receivable, and the company was going to have to dip into profits to pay the 55% gift tax. That was an issue because profits were also being taxed 50%. Financial advisors told the brothers that $1 earned was going to be about $.25 cents in pocket once the transfer was complete. So, fearing the company's demise in a forced "fire sale" if the succession was unsuccessful, Larry and Dave decided it was best to sell the business outright. Fadal sold to G&L in April of 1995.
The death tax has contributed to the demise of the family owned business in the U.S. It will be interesting to see how Gene Hass makes his exit.
Too bad it didn’t show the sketchy shit like shimming the bed to column fit or the spindle cartridge to head fit. Or even better, gluing sandpaper to the ways then sliding the saddle or table back and forth to flatten out the turcite. Total hack machine tool construction.
That sure explains why Fadal are still sort after. You also very rarely see them parted out because they couldn't be fixed.
I'm still amazed that I'm still able to make very good accurate parts on a 1991 4020. And make decent $'s at the same time. UNFKNBLVBL
I emailed the vid to a friend earlier who then reminisced
Then there was the Westec debut of the 6030 that went full punch press mode in Z. Bouncing up and down as fast as it could run. Limit to limit… over and over.
Fun times!
I was working the booth at the time. Dave Sr cut the knife switch.
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