Former PSC owner Larry McRae issued a statement Friday night on the company’s sale:
Well its been a hard secret to keep, with rumors flying for the past few weeks. But the press release came out today so its official: Poison Spyder has been bought by Transamerican, the parent company of 4 Wheel Parts. As we’re gearing up for King Of the Hammers, we know this news will be competing with anything we’re doing on the race course, so we wanted to let you, our fans, customers, friends and distributors know what’s going on and address some of your concerns.
First of all, I (Larry McRae), am not going anywhere. I’m staying on as President of Poison Spyder, the only difference is that Greg Adler’s signature will be on my paycheck instead of my own. The same with our staff, everyone is staying put, in fact we’ll be adding more. The team that got Poison Spyder to where it is today is what Transamerican was after, and they intend to keep it intact. We’ll continue to do our own product development, sales, marketing, and of course traveling the country to events to meet and wheel with you guys. And very importantly, our products will continue to be built in the same Poison Spyder facilities in Banning, California.
So what IS going to change? The biggest thing is we’ll now have access to Transamerican’s considerable resources to fuel our growth, keep the shelves full and expand our product lines. And through their distribution channels we’ll be able to bring Poison Spyder products to a larger market. But for the most part, Poison Spyder will continue to function mostly autonomously. Those of you who like buying direct from Poison Spyder will still be able to do so.
Over the coming week we’re going to have our hands full out here at King Of the Hammers, so its not the most convenient time for this news to break. But we welcome your thoughts on this. Please feel free to contact any of our staff through the usual channels, or comment below if you prefer. We’ll try to keep up with responses even though we’ve got a race to run in a few days (against our new boss, among others
President, Poison Spyder Customs
What do you think? Will the quality remain, or will Transamerican shift production to China, as they have with other companies they’ve acquired?