Saratoga Frameworks factory shuts down

RedRider · #1 03-13-2014, 08:30 PM

Very sad for the employees that were working to the last day.
http://www.bicycleretailer.com/north...n#.UyJpUPldUoM

Louis · #2 03-13-2014, 08:34 PM

The bitter end of a long and sad story. Bummer.

bicycletricycle · #3 03-13-2014, 08:35 PM

I guess everything has to come to some kind of end. So many nice bicycles came out of that factory. Hopefully all that know how can find a new home.

fiamme red · #4 03-13-2014, 08:35 PM

Quote:

But former Serotta CEO Bill Watkins has challenged that. Watkins, who is a creditor in the bankruptcy proceedings, is also suing Divine and Case for breach of contract; he hopes to recover about a half year's salary and benefits of $87,0000 not paid to him after he was fired last summer, plus $22,000 in damages and legal fees.

$87,000 or $870,000?

Elefantino · #5 03-13-2014, 08:38 PM

Well, well, well.

For the employees, it's sad. Some real talent has been unfortunately shat upon.

For certain others, some would say just desserts and what goes around comes around.

Black Dog · #6 03-13-2014, 08:39 PM

Brian Case...absolute poison to any thing he touches. The building, equipment, and talent are still there...this may not be over yet.

Flaroc01 · #7 03-13-2014, 08:41 PM

As a Serotta Colorado owner it's sad to see the makers of quality bikes come to an end like this.

bicycletricycle · #8 03-13-2014, 08:47 PM

Maybe Ben serotta could start a new brand called

Ben

Bill was making 170k ish a year?

eddief · #9 03-13-2014, 08:58 PM

demise of a once great brand, but often poorly managed business.

Keith A · #10 03-13-2014, 09:13 PM

Sad to see this finally end. I hope they will all find work soon, but it's too bad that won't be together anymore.

54ny77 · #11 03-13-2014, 09:37 PM

bummer. those prontos were really nice.

sounds like everyone had their part in sucking the equity right outta the joint, no pun intended...

cmg · #12 03-13-2014, 10:36 PM

Sad. would have liked to see Serotta continue.

bluesea · #13 03-13-2014, 10:41 PM

This had to happen, and the better sooner than later. Its the main chance for Ben to get his name back, and possibly get started again at whatever level.

jimcav · #14 03-13-2014, 11:18 PM

whether with Ben or others

I was more shocked to see that madfiber's patented intellectual tech sold for only 30K and their actual tooling equip for only 7k
I had their wheels and thought they were pretty cool and liked the ride.

krhea · #15 03-13-2014, 11:52 PM

http://www.bicycleretailer.com/indus...t#.UyKY5c6_JMY