Heads up, Ballistic filing for Ch 11

[AIbandit]

January 24, 2012
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

http://www.ballisticfabrication.com/assets/images/PDF/Ballistic Press Release MRK 1.pdf

 

[AIbandit]

Maybe that's why they didn't redraw their give away on the 15th.


Funny they mention the economic down turn but also say

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.

It doesn't sound like low sales it sounds like bad management.

 

[cj7xjmj]

Thier problem started when they thought that their customers didnt matter. I placed one order with them yrs ago.. and it took 6 weeks, so I never ordered from them again. I also told everyone about it.

They had somepimp products, but it doesnt matter how trick your stuff is if your customer service is on time.

 

[Justpunchit]

6 weeks? Not bad, I ordered up 16 joints with all accompanying pieces to build front and back control arms. it took 2 months for a few to show up then another month of waiting for a ship date, then another 2 months on waiting for them to return my money. I use to buy everything I could through ballistic. They said sorry the whole time but constantly wouldn't return phone calls and miss dates for refunds and shipments. Never again will I be a victim of Ballistic.



Dan at ruffstuff seems to be handing his sales just fine...

 

[Darky]

Depends on how long you were told. It took me 5-6 weeks to get my bumpers and sliders from JCR, but they told me it would be about that time.

 

[chassellbandit]

FWIW, I ordered stuff from them about a week ago, got it in 3 days. Had excellant communication all along

 

[xcm]

FWIW, I ordered stuff from them about a week ago, got it in 3 days. Had excellant communication all along

thanks for the post, i was wondering how the transition was going. It seems their online forum presance was the first bean to be counted and re-prioritized, cant say i blame em.

 

[SolarBell]

A large 4x4 shop near to me actually carries Ballistic parts. Their prices are no different than online and I don't have to pay shipping, just tax. I ordered a couple items the other week and they realized a couple items I wanted might be wanted by other folks so they just ordered a bunch. I had everything in less than a week. It's nice dealing with people face to face.