|
Velocity
Composites Acquires Assets of Cynergy Composites,
Inc.
(11-21-2011) HAWK
POINT, MO - Few may know the name
Velocity Composites, but many can recognize
their products. Responsible for the ultra-popular
V4 '68 Camaro, '53 Corvette, '57 Chevy,
and '67 Chevy II which are distributed through
Tim McAmis Performance Parts, along with
numerous other body styles and components
including hood scoops, wheel tubs and custom
colored carbon fiber products, Velocity
Composites was the first to introduce the
lightweight processes that are still sought
after today. Through the latest research
and technology, Velocity remains at the
forefront when it comes to producing high-quality
composites for the performance industry.
In
an agreement finalized on Friday, Velocity
will acquire the drag racing assets of Cynergy
Composites, Inc; a popular performance composite
manufacturer. Included in the acquisition
are all of body molds produced by Cynergy
which consists of the '67, '69 and '70.5
Camaro's, '68 Firebird, '59 Plymouth, C5
Corvette and the upcoming '67 Mustang. In
addition, Velocity will be adding a number
of molds for wheel tubs, wings and engine
containment devices to go alongside similar
products that Velocity currently produces.
To complete the acquisition,
Velocity has arranged a partnership with
Cynergy's Tim Hodgins to serve as a consultant
and designer for future projects and development.
"Looking forward, I think Tim McAmis
Performance Parts and Velocity Composites
are better positioned for production and
distribution, whereas my real strength and
interest is in creating new bodies and new
composite products. This deal is a win –
win for both of us," Hodgins explained.
"Being in a different country has always
added cost to buying our products and with
Cynergy recently landing a Canadian Aerospace
Composites Contract, it was time to start
a new chapter. Many thanks to our loyal
customers and friends; I really appreciate
the support over the years. I love the sport
of drag racing and plan to stay very involved,
just in a different capacity."
Velocity Composites founder,
Tim McAmis was pleased when making the agreement
and stated, "The acquisition of these
assets is a natural lead-in to the expansion
already taking place within Velocity Composites.
We are excited about what's to come and
the opportunity to quickly generate a number
of new products for our loyal customers."
Starting immediately, customers
may obtain these products through Tim McAmis
Performance Parts, currently the exclusive
distributor for Velocity Composites. However,
Velocity will soon offer products through
online shopping, mail order and also develop
dealer programs for business' interested
in becoming distributors.
The
much anticipated '67 Mustang is soon to
hit the market with final stages of the
production process currently being completed
at Velocity. Look for more information and
photos to be released soon. To join the
fast growing list of pre-orders, call Tim
McAmis Performance Parts today at 1-800-980-9656
and reserve the latest in composite technology
and style. |