Und es geht weiter mit Chance
Moin
Gute Nachrichten aus den USA, wo der Deal zwischen Chance und D.H.Morgan anscheinend glatt über die Bühne gegangen ist. Außerdem darf man sich auf einen neuen 200ft Hyper freuen, das ist doch was...
Hier ein Artikel aus einem Wirtschaftsblatt:
Roller coaster deal may save Chance Industries
Jerry Siebenmark
Michael Chance has acquired the assets of a northern California roller coaster manufacturer and plans to subcontract work to his father's Wichita-based company, Chance Industries Inc.
He closed on the acquisition of D.H. Morgan Manufacturing Inc. in La Selva Beach, Calif., June 14. Terms of the transaction were not disclosed.
Plans call for renaming the business Chance Morgan Coasters Inc., moving the manufacturing work and some specialized equipment to Chance Industries, and hiring Morgan's group of 14 roller coaster engineers, who will work from an office in La Selva Beach.
"We've been able to retain their engineering expertise, which is really the most difficult thing about building roller coasters," says Michael Chance, who is the majority owner of Chance Morgan and its president.
Dick Chance, Chance Industries' president and chief executive officer, says the new business will help his company as it works through Chapter 11 bankruptcy and a reorganization plan.
"It means we get a lot of work to do," he says. "Starting now we'll put a lot of work in our factory and utilize a lot of the capacity we have for fabricating steel and other functions."
New project
Michael Chance got some new business with the Morgan acquisition.
Chance Morgan has a contract to build a 200-foot-high "hyper-coaster" that will be similar to the Mamba coaster Morgan built a few years ago at Worlds of Fun in Kansas City. A hyper-coaster is an industry term for a higher and faster-than-average roller coaster.
Michael Chance, who will retain his title as Chance Industries' vice president of sales, won't say how much the deal is worth or name who Chance Morgan is building the coaster for.
"It's a major theme park," he says.
Completion of the coaster is expected in spring 2002, he says.
Chance Industries and its 130 employees will manufacture the rails, cars, and the drive and braking systems for the coaster. Dick Chance says he expects work on that project to begin in the next few weeks.
The coaster's support structure will be built on site by another subcontractor, Michael Chance says.
`Timing opportunity'
Morgan enjoys a strong reputation in the amusement park industry as a maker of large, multi-million dollar steel roller coasters, Michael Chance says. The 17-year-old company claims to have built the world's tallest roller coaster, a 318-foot-high coaster at an amusement park in Japan, he says.
When Morgan came up for sale in mid-April, Michael Chance says he saw a chance to run his own business and help the family business.
"It was a timing opportunity and one I didn't want to pass up," he says.
He says Morgan was limited by how many roller coasters it could build in a year. He says the maximum was two. With Chance Industries as a subcontractor, Michael Chance says he can increase production to three or four coasters a year.
"I think we can sell more than he was willing to build," he says. "We have the most complete ride manufacturing facility in the world. The acquisition of Morgan was a perfect way to utilize it."
Industry analysts say the passing of business along from Chance Morgan to Chance Industries is a good move.
"That's a great combination, in my opinion," says Harrison Price, an amusement industry analyst in California. "That's a good deal because of the matching philosophies of the two companies."
`Big factor'
Serving as a subcontractor to Chance Morgan will help Chance Industries' prospects, says Dick Chance.
Chance Industries was founded in 1961 as Chance Manufacturing by Dick Chance's father, Harold. Dick Chance acquired ownership and leadership of the company in 1985.
The company manufactures replica antique carousels, gondola wheels, miniature trains, trams and thrill rides under the Chance Rides name. Its plant is at 4219 Irving.
In April the company filed for Chapter 11 bankruptcy, citing slow orders and sales as the main cause.
Industry officials say slow orders and sales are limited to just a few companies. Business is good overall, they say.
"I can tell you anecdotally I think the industry is in as good a shape as it's been in some time," says John Graff, CEO of the International Association of Amusement Parks and Attractions in Alexandria, Va. "I'm not aware of a fall-off in purchasing or anything else. There's no reason to believe that's endemic to the industry."
Dick Chance expects business from Chance-Morgan to help his company return to profitability.
"Having the opportunity to manufacture this project is certainly a big factor in our reorganization plan," says Chance, who expects to present the plan to the U.S. Bankruptcy Court in August. "And the opportunity to build three or four coasters a year is going to be a big part of the future success of Chance Industries."
Gute Nachrichten aus den USA, wo der Deal zwischen Chance und D.H.Morgan anscheinend glatt über die Bühne gegangen ist. Außerdem darf man sich auf einen neuen 200ft Hyper freuen, das ist doch was...
Hier ein Artikel aus einem Wirtschaftsblatt:
Roller coaster deal may save Chance Industries
Jerry Siebenmark
Michael Chance has acquired the assets of a northern California roller coaster manufacturer and plans to subcontract work to his father's Wichita-based company, Chance Industries Inc.
He closed on the acquisition of D.H. Morgan Manufacturing Inc. in La Selva Beach, Calif., June 14. Terms of the transaction were not disclosed.
Plans call for renaming the business Chance Morgan Coasters Inc., moving the manufacturing work and some specialized equipment to Chance Industries, and hiring Morgan's group of 14 roller coaster engineers, who will work from an office in La Selva Beach.
"We've been able to retain their engineering expertise, which is really the most difficult thing about building roller coasters," says Michael Chance, who is the majority owner of Chance Morgan and its president.
Dick Chance, Chance Industries' president and chief executive officer, says the new business will help his company as it works through Chapter 11 bankruptcy and a reorganization plan.
"It means we get a lot of work to do," he says. "Starting now we'll put a lot of work in our factory and utilize a lot of the capacity we have for fabricating steel and other functions."
New project
Michael Chance got some new business with the Morgan acquisition.
Chance Morgan has a contract to build a 200-foot-high "hyper-coaster" that will be similar to the Mamba coaster Morgan built a few years ago at Worlds of Fun in Kansas City. A hyper-coaster is an industry term for a higher and faster-than-average roller coaster.
Michael Chance, who will retain his title as Chance Industries' vice president of sales, won't say how much the deal is worth or name who Chance Morgan is building the coaster for.
"It's a major theme park," he says.
Completion of the coaster is expected in spring 2002, he says.
Chance Industries and its 130 employees will manufacture the rails, cars, and the drive and braking systems for the coaster. Dick Chance says he expects work on that project to begin in the next few weeks.
The coaster's support structure will be built on site by another subcontractor, Michael Chance says.
`Timing opportunity'
Morgan enjoys a strong reputation in the amusement park industry as a maker of large, multi-million dollar steel roller coasters, Michael Chance says. The 17-year-old company claims to have built the world's tallest roller coaster, a 318-foot-high coaster at an amusement park in Japan, he says.
When Morgan came up for sale in mid-April, Michael Chance says he saw a chance to run his own business and help the family business.
"It was a timing opportunity and one I didn't want to pass up," he says.
He says Morgan was limited by how many roller coasters it could build in a year. He says the maximum was two. With Chance Industries as a subcontractor, Michael Chance says he can increase production to three or four coasters a year.
"I think we can sell more than he was willing to build," he says. "We have the most complete ride manufacturing facility in the world. The acquisition of Morgan was a perfect way to utilize it."
Industry analysts say the passing of business along from Chance Morgan to Chance Industries is a good move.
"That's a great combination, in my opinion," says Harrison Price, an amusement industry analyst in California. "That's a good deal because of the matching philosophies of the two companies."
`Big factor'
Serving as a subcontractor to Chance Morgan will help Chance Industries' prospects, says Dick Chance.
Chance Industries was founded in 1961 as Chance Manufacturing by Dick Chance's father, Harold. Dick Chance acquired ownership and leadership of the company in 1985.
The company manufactures replica antique carousels, gondola wheels, miniature trains, trams and thrill rides under the Chance Rides name. Its plant is at 4219 Irving.
In April the company filed for Chapter 11 bankruptcy, citing slow orders and sales as the main cause.
Industry officials say slow orders and sales are limited to just a few companies. Business is good overall, they say.
"I can tell you anecdotally I think the industry is in as good a shape as it's been in some time," says John Graff, CEO of the International Association of Amusement Parks and Attractions in Alexandria, Va. "I'm not aware of a fall-off in purchasing or anything else. There's no reason to believe that's endemic to the industry."
Dick Chance expects business from Chance-Morgan to help his company return to profitability.
"Having the opportunity to manufacture this project is certainly a big factor in our reorganization plan," says Chance, who expects to present the plan to the U.S. Bankruptcy Court in August. "And the opportunity to build three or four coasters a year is going to be a big part of the future success of Chance Industries."