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Ballistic files chapter 11 reorganization/protection

COLT

I'm on a boat.
Joined
Jun 15, 2010
Messages
932
Location
Pensacola Fl
AS IF WE DID NOT SEE THIS COMING.....DUH!
(EMAIL I just got from them)



Re-organization of Ballistic Fabrication

For Immediate Release:

Ballistic Fabrication is best known for its outstanding off-road product line and high quality in-house manufacturing capabilities. Ballistic has faced many adversities over the past few years related to inventory, product delivery and customer service. It is well known in the industry that while Ballistic Fabrication continues to supply large amounts of high quality parts worldwide, the aforementioned deficiencies have created longer than usual lead times in shipping and product delivery. These problems have been attributed in part to extremely rapid company growth which in turn led to inventory control issues.

Ballistic Fabrication has partnered with an investor to bring additional financial stability to the company. In an effort to better serve its customers, Ballistic has invested in a state-of-the-art inventory / shop management system. Ballistic will now be able to effectively manage production and inventory of every specific part in their catalog of thousands of part numbers. This information in turn will be reported live to Ballistics customers via the website. Ballistic hopes that this new system alleviates future confusion and issues related to potential backorders. In addition to these improvements, Ballistic now stocks a complete inventory of raw materials on hand. Ballistic hopes that this will alleviate backorders due to raw material supply shortages. Ballistic Fabrication has also found it necessary to restructure specific key personnel in the management and accounting team.
In addition to these changes, Ballistic has filed for Ch11 reorganization in order to restructure its financial obligations. Ballistic Fabrications lawyer stated the following -
“The past few years presented significant economic challenges to Ballistic Fabrication, LLC. Material costs, shipping costs, and the overall economic downturn are only a few factors that played a role in Ballistics decision to file a petition for bankruptcy relief. Contrary to any rumors circulating, Ballistic will not be shutting its doors. Ballistic will be continuing operations while reorganizing its debts and obligations. This process will not affect Ballistics’ ability to produce quality products and to service its customers. Ballistic and all of its dedicated employees are confident that they will emerge a stronger company.”
Ballistic Fabrication would like to thank its many loyal customers for years of support and looks forward to the opportunity to regain its customers trust and becoming the standard of excellence in the off-road industry.
-Ballistic Fabrication Management
 
This should not be a suprise to anyone. I bought stuff 5 years ago from them and it was hellish.. Daddy taught me right "once the snake bites, dont stick your hand back in the damn cage son"
 
Screw me once, shame on you. Screw me twice, shame on me.
I feel for the creditors that could possibly loose their ass in this
 
What about that sweet twin turbo Dodge Charger that got wrecked on its maiden voyage through the parking lot......EPIC FAIL amd they tried to cover it up and get insurance look slike. I got stuff from Jeff when he first started Ballsitic. it grew to quick and went to ****. :puke:
 
looks like a great opportunity to pick up some cheap equipment. Anybody need a Faro arm for ripping off other designs???

**** Ballistic, everyone called a spade a spade for way to ****ing long. The only thing that kept them afloat that long was Lance @ Pirate4x4 keeping his head up his ass and continuing to accept monthly payments (dirty money) from Ballistic to keep their "Ballistic Zone" open on his site. They raped that membership for how many years after the telltales were there???
 
So it looks like the state of the art inventory control shot is going to be free!I had a factory file on me a couple of years ago, out of 14,500 I'm getting $943 and they are making payments on that! Sweet how this works, buy what you need and get it for free.
 
Prime example of trying to get too fancy with something that should be simple. They were good to deal with when they had simple but functional brackets and tabs. When they started trying to stick their nose into other things they messed up a good thing. All the fancy machines they were buying and most likely financing couldn't replace good ole fashion customer service but in their eyes it was glamorous and attractive. Greed is an evil state of mind and sucks in inexperience business owners regularly. I am amazed at how they stayed in business as long as they did except for the fact that they were taking customer money for product they didn't have to sell. That's bullshit and should be a crime punishable by castration.
 
crawlin85cj said:
Prime example of trying to get too fancy with something that should be simple. They were good to deal with when they had simple but functional brackets and tabs. When they started trying to stick their nose into other things they messed up a good thing. All the fancy machines they were buying and most likely financing couldn't replace good ole fashion customer service but in their eyes it was glamorous and attractive. Greed is an evil state of mind and sucks in inexperience business owners regularly. I am amazed at how they stayed in business as long as they did except for the fact that they were taking customer money for product they didn't have to sell. That's bullshit and should be a crime punishable by castration.

Great post! :dblthumb:
 
I just hate that I have 16 of those piece of **** flex joints. Ballistic should be renamed Toolshed.
 
Crawl Works said:
If i have to buy any thing Blue torch is fast and easy to work with
x10 James and Jason are awesome to do business with. And if they dont have what you are looking for they'll make it.
 
I've recently stumbled across Artec Industries and ordered a truss and alot of brackets from them... I was really happy with the quality and fit, put an article up about the truss. The brackets also worked out great and pricing is good.

Barnes4x4 is also a great company to deal with and if they dont ship next day shipping is FREE :woot:
 
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