Apexi Japan: Bankrupt

[L8R]

I heard that Apex Japan went bankrupt and only has a US branch. I heard they only also make small truck parts now (uhm)

Oh well, their products will be hard to get now.

 

[lsdeater]

i highly doubt that. the import market is hitting highs.

unless i see a link or something definitive.

 

[Captain KRM P5]

sucks!

 

[L8R]

I heard it from a very reliable source also But same with SSR or Wings West when they went bankrupt, it shocked me

 

[Antoine]

Are you serious...You're naming names that synonymous with the "import" scene...Got any verification?

 

[Rogue]

http://bankrupt.com/TCR_Public/040216.mbx

PAC HOLDING CO.: Case Summary & 60 Largest Unsecured Creditors
--------------------------------------------------------------
Lead Debtor: PAC Holding Company
2801 Youngfield Street #360
Golden, Colorado 80401

Bankruptcy Case No.: 04-10493

Debtors affiliate filing separate chapter 11 petitions:

Entity Case No.
------ --------
California Aluminum Products Co. 04-10494
Pace-Edwards Company 04-10495
Trenz 04-10497
Wings West, Inc. 04-10498

Type of Business: Over the past five years, PAC Holding Company
has built a strong base of aftermarket truck and
automotive accessories manufacturers, with
products including retractable tonneau covers,
body styling kits, grill guards and tube steps.
Formed in 1998 by Russell E. Stubbings and
Chicago-based private equity firm Prospect
Partners, LLC, PAC has successfully grown
through select mergers with and acquisitions of
leading auto and truck aftermarket accessory
manufacturers, including: Pace-Edwards Company,
Wings West, Inc., Adleco d/b/a Bedlocker, LTD
Accessories and Go Rhino! Products. See:
-- http://www.pace-edwards.com/
-- http://www.wingswest.com/
-- http://www.gorhino.com/and
-- http://www.trenz.com/

Chapter 11 Petition Date: February 13, 2004

Court: District of Delaware (Delaware)

Judge: Mary F. Walrath

Debtors' Counsel: William F. Taylor, Jr., Esq.
McCarter & English LLP
919 North Market Street, Suite 1800
P.O. Box 111
Wilmington, DE 19899
Tel: 302-984-6300
Fax: 302-984-6399

Total Assets Total Debts
------------ -----------
PAC Holding Company $69,099 $29,786,655
California Aluminum Products Co. $4,451,941 $22,011,430
Pace-Edwards Company $5,900,783 $29,496,418
Trenz $2,261,216 $20,992,252
Wings West, Inc. $1,758,036 $21,820,650

 

[Antoine]

I'll be...I wonder if this is an isolated case or a growing trend in the industry...?

 

[03MzdSpdSTP]

I'll be...I wonder if this is an isolated case or a growing trend in the industry...?

JDM is in and ricer body kits are out so i can understand wings west going under.

 

[lsdeater]

where is Apex in that bankrupcy filing? or are they owned by a listed holding company? I see Wings West there, but that was known to me.

 

[t3ase]

no wonder WW won't send out new bolts for my hood's grille.

 

[vindication]

WW has gone into partnership with Vis. Vis has most say and I beleive build the things but the ideas and what not from WW is still untouched.