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Edelbrock Closing in Torrance
No word on the other locations. California doesn't sound like the place to be these days. Red tape city.
https://www.thedrive.com/news/39011/...a-headquarters |
Private equity. That's 99% of what is happening here. Also cheaper to move, as Centerline did (to China), to take advantage of cheaper labor, taxes, etc. I think it was Vic who sold the company to private equity? This is simply capitalism at work.
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Agree, private equity at work. As a venture capital investor I know the business well.
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CA is beautiful. Unfortunately, there are a number of reasons not to stay here. Can't fault people or businesses trying to do better for themselves.
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