“Nobody’s ever seen a fully loaded, still-warm plant sold like this”, Says Steve Burns in a Q/A on Charged Magazine

Source image: https://stocktwits.com/SICKofWinning



“Both of those plants were mostly gutted, because the parts in there can be used in other plants. The robots, paint booths, stamping presses, are all common components. These are very expensive to buy, so when a plant is shuttered, usually the OEM takes out the components to put in another place. Nobody’s ever seen a fully loaded, still-warm plant sold like this. For us, it was great. It really reduced the big capital expenditures, took out a lot of risk. And even if you’ve got a squeaky-clean plant with a nice gray floor, there’s still execution risk. Did you buy the right equipment? Does it all dance together when you orchestrate a dance, all the robots? It’s a lot of expenditure and a lot of risk. It’s why there aren’t really small car companies.”

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