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#65220 - 04/29/06 04:57 AM Regal fittings
sparky 134 Offline
Member
Registered: 09/04/04
Posts: 91
Loc: Joliet, Il, USA
Talking w/ a supply house yesterday and was told that Regal shut their doors. He said for the last three months they were loosing $500,000.00 a month because they failed to monitor the cost of zinc which is a big part of their product.

He said zinc had doubled and Regal failed to raise their prices to cover the add'l cost. He also said they are either looking to sell or try and reorganize.

Now, this is coming from someone who works at a supply house. As to the validity of the info, who knows.....
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#65221 - 04/29/06 06:24 AM Re: Regal fittings
NORCAL Offline
Member
Registered: 09/25/02
Posts: 865
The website is active.

www.regalfittings.com
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#65222 - 04/30/06 03:20 PM Re: Regal fittings
AllClear Offline
Member
Registered: 08/22/05
Posts: 44
Loc: Belmond Iowa US
I heard the same thing from the guy who does all of the ordering for us. He said they were selling out and looking for a buyer. He Didn't say why.
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#65223 - 04/30/06 08:48 PM Re: Regal fittings
SolarPowered Offline
Member
Registered: 07/05/04
Posts: 625
Loc: Palo Alto, CA, USA
Wow.

Price of zinc. Price of copper. Price of steel. Price of cement. Price of gold.

I haven't heard anybody say it yet, but it sounds to me like years of not making much of anything here in the USA, of not exporting much besides dollars, has finally caught up with us. It appears that the world market has finally caught on to the fact that the dollar isn't worth much anymore.

I think we were being propped up by the arab world keeping much of their petrodollars in this country. I believe they recently pulled out something like 90% of their dollar investments and put them into Euros, because they're afraid that we may freeze and/or seize their assets.

Whatever else I may think of Ross Perot, I'll give this to him--you can't have a viable economy that doesn't make anything.
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#65224 - 05/03/06 08:28 PM Re: Regal fittings
Active 1 Offline
Member
Registered: 02/22/03
Posts: 687
Loc: Grayslake IL, USA
Herd that Regal said nothing. Just closed the doors and locked out the workers. Seen the web site working. My guess is maybe they are looking for options of selling out or getting out of debt some how before they say they are out of business.

Had a lighing supplier (Contractor Choice Lighting) I called last week. A recording said they were closed for 5 weeks to do inventory and not to leave a message. It was allready past the 5 week date. Maybe another one selling or going out of business.
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#65225 - 05/04/06 01:46 AM Re: Regal fittings
Tesla Offline
Member
Registered: 06/16/04
Posts: 1273
Loc: Sacramento, CA
China claims another 'victim'....

I absolutely love Regal's stuff.

But....

The intense competition to purchase for 'less'...

The 'office' ... did it do in Regal?
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