Attention Pfadt Customers [update]
#22
Yes, this is a legit reason. I don't know exactly what there situation is, but what they are referencing is also known as "Sales Bankruptcy." Someone else used the term undercapitalized. In essence they don't have enough liquid assets to support the volume of business transacted and the place crumbles. Think of it as running too fast and going anaerobic and collapsing, driving the tires off of your car, etc.
Plenty of business, but not enough capital to continue to conduct business.
Tough break, because Pfadt made good products.
I had their adjustable shocks and the quality of them was excellent.
#23
Drifting
I really hope you can make a comeback as Pfadt is one of the best companies I've ever delt with. Perhaps returning with only selected products like COs, sway bars, JOC package, and headers for the C7 (assuming those are profitable for you) would enable you to keep a quality niche going forward.
Thank you for all that you've done for our community. And, thank you for not sacrificing quality and customer service to entice an investor.
--Dan
Thank you for all that you've done for our community. And, thank you for not sacrificing quality and customer service to entice an investor.
--Dan
#25
Melting Slicks
Member Since: Dec 2009
Location: Smallingerland Friesland, Netherlands
Posts: 3,421
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Aaron, if you ever read this thread ...
On my Z06 I have your
Every Pfadt product is top notch, every past delivery to the Netherlands was swift!
I have always recognized Pfadt's passion, engineering blood, and care for the customer. And I'm sure that I'm not the only one.
Your Facebook post makes me feel sad, very sad. You, your company, your employees, you all deserved better than this.
Like you, I sincerely hope that the closing will be temporary and in the end, appears to be a minor speed bump on new roads that lie ahead.
All the best in these difficult times,
Ronald
On my Z06 I have your
- carbon fiber driveshaft
- front & rear tow hooks
- engine mounts
- transmission mounts
- front & rear sway bars and pillow blocks
Every Pfadt product is top notch, every past delivery to the Netherlands was swift!
I have always recognized Pfadt's passion, engineering blood, and care for the customer. And I'm sure that I'm not the only one.
Your Facebook post makes me feel sad, very sad. You, your company, your employees, you all deserved better than this.
Like you, I sincerely hope that the closing will be temporary and in the end, appears to be a minor speed bump on new roads that lie ahead.
All the best in these difficult times,
Ronald
#27
Melting Slicks
Member Since: Dec 2009
Location: Smallingerland Friesland, Netherlands
Posts: 3,421
Received 39 Likes
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27 Posts
Yes, this is a legit reason. I don't know exactly what there situation is, but what they are referencing is also known as "Sales Bankruptcy." Someone else used the term undercapitalized. In essence they don't have enough liquid assets to support the volume of business transacted and the place crumbles. Think of it as running too fast and going anaerobic and collapsing, driving the tires off of your car, etc.
#28
Racer
Member Since: Feb 2014
Location: South River NJ
Posts: 328
Likes: 0
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0 Posts
#29
Former Vendor
Member Since: Mar 2003
Location: Tampa FL
Posts: 18,673
Received 393 Likes
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286 Posts
St. Jude Donor '07-'08-'09-'10-'11-'12'-'13-'14-'15
Wow, never saw this coming. Pfadt has always been top notch both in my time as a consumer and as a vendor. This is a sad day for BER and for me personally
#30
Melting Slicks
Aaron I hope you can figure this out we had a few conversation's during the first coil over release. Good discussion & all the products of yours I've purchased since have been spot on
Now it is time to get back to basics, best of luck & I look forward to the return!
Now it is time to get back to basics, best of luck & I look forward to the return!
#31
Pro
Though I have had issues with their C5 header fitment as they used the C6 design and try to make it work on the C5. Anyway the quality of the parts I have received headers and suspension components are excellent. Truly it makes some of the other big names out there look like cheap Chinese garbage.
Hope to see them return.
Hope to see them return.
#32
Drifting
Margin w/o sales = failure
Sales w/o margin = failure
There is an important balance between the two. Finding that balance it the trick.
I hope you guys are able to find it because I was hoping to some day invest in your LT's and sway bars for my C5Z.
Sales w/o margin = failure
There is an important balance between the two. Finding that balance it the trick.
I hope you guys are able to find it because I was hoping to some day invest in your LT's and sway bars for my C5Z.
#36
Thanks again to all of you for the kind words and support. We have been refunding customers all day today and that feels good. It will take a while to get to all the voice messages, emails, and PM's, and as always we appreciate your patience and understanding.
#37
Supporting Vendor
Member Since: Mar 2002
Location: Bristol, Tennessee
Posts: 12,988
Received 583 Likes
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313 Posts
St. Jude Donor '09
Your products are all over the Halltech ULZ700, from the carbon fiber driveshaft, to Featherlights, anti sways front and rear, engine mounts and tranny mounts, which gave us the 5 lbs advantage over Katech's Supercar in the weight contest.
I also remember a couple files you sent our way which helped us develop the one piece Carbon Revolution CR-9 CFRP wheels for the ZR1 style brakes. We were vetting for them on our Z06, and without those drawings, we could not have pulled off the fitment, spacing ect.
You guys will figure this out and come back stronger. Let me know if there is anything I can do for you.
Jim Hall
__________________
"World Class Performance for your Corvette"
Intake Design and Engineering since 1999
Halltech Systems, LLC
262-510-7600
For service email:
orders@halltechsystems.com
www.halltechsystems.com
"World Class Performance for your Corvette"
Intake Design and Engineering since 1999
Halltech Systems, LLC
262-510-7600
For service email:
orders@halltechsystems.com
www.halltechsystems.com
Last edited by Halltech; 02-26-2014 at 08:23 AM.
#38
So how do you guys intend on shipping product to people when you have closed your doors and sent everyone home? I happen to know someone that went by your shop today and saw that your building was locked up and no one was there in the middle of the day. You apparently made everything in house so where are you shipping from now? I would like to see some evidence from you guys with photographs of headers ready to go out sitting in your shop.
#39
Race Director
I ran PFADT Featherlight Coilovers and the PFADT 3 piece track bars on my C5 and it handled pancake flat at speed. When I put the rear flares and 345's on the back the car under-steered badly. A call to Aaron solved the issue and required about 30 minutes of work to get the car back to handling perfectly. His simple advice was to stiffen the end with too much traction. Adjusted the sway bar and perfection! Going to the C7 I know will not be as quick as my C5 and won't handle as well as it did with the PFADT suspension.
Thanks Aaron! I sincerely hope you are able to get through this.
Kevin
Thanks Aaron! I sincerely hope you are able to get through this.
Kevin
#40
Melting Slicks
So how do you guys intend on shipping product to people when you have closed your doors and sent everyone home? I happen to know someone that went by your shop today and saw that your building was locked up and no one was there in the middle of the day. You apparently made everything in house so where are you shipping from now? I would like to see some evidence from you guys with photographs of headers ready to go out sitting in your shop.