I'm pretty sure I've done fixture work for them at some point in the past. The name sounds very familiar. We often work for their customers, but sometimes deal with the die shops directly. Just checked and we last did some repair work for them in 2018.this was a BIG guy... 1982.. many years.
Sadly, I feel like you and I are lone voices in the wilderness with that sentiment.
It's all too easy to fall into that trap and become a captive shop.....Especially in the auto industry. Over the past 3 years a large portion of our work has only been spread over 3 customers.A few years back I bought a whack of machines from a tool and die shop that closed down. According to the owner they lost a lucrative contract which was the backbone of their business. So sort of a one basket of eggs situation.
Count me in too. Both on wishing we had more industry, and the reasons why we don't....There are thousands more that share your view. I am among them.
The problem is mostly political. Therefore I'll avoid beating the drum and simply join you as yet another lonely voice in the wilderness.
Yup. Could be many reasons, but without looking at the P&L report, it’s all speculation. One thing is for sure the , politicians aren’t making small business any easier. Don’t get me started!!!!!!!!!I'm pretty sure I've done fixture work for them at some point in the past. The name sounds very familiar. We often work for their customers, but sometimes deal with the die shops directly. Just checked and we last did some repair work for them in 2018.
I know the auto industry is changing, and sometimes bigger/older places are slow to implement change that would help them innovate/renovate to stay alive stave off overseas competition. I also know 40 years is a long time, and there had to be a handoff of ownership/leadership at some point along the way, and that often never goes as plan. Real estate prices is a another big kicker in the gta, and a possible source of failure there a few different ways depending on how leveraged they are. Could also have been the original owner/founder decided to pack it in and didn't have a buyer. Who knows.
I'm always curious about how and why business' like this fail. I love analyzing the failures of everything, and fortunately/unfortunately have rode with a few companies into the ground over the past 20 years.