West Monroe, LA - Superlift filed for Chapter 11 Reorganization on April 8, 2009. Suspension companies are among the worst hit during the recent economic slump.
Owner/President Bret Lovett said, “This particular economic situation has created issues on a scale most have never encountered. Record fuel prices, and the poor national economy in general, led to sharp decreases in truck sales and the largest sales decline in Superlift’s 34 year history. We have faced tough times before, but what made this especially difficult is the fact that the credit markets are basically frozen.”
Lovett added, “Reorganization should not to be confused with liquidation; we remain very much alive and kicking. This move allows Superlift access to needed capitol and cash-flow breathing room. Superlift and Black Diamond products are still being produced and shipped daily. We will continue to develop and offer exceptional products, and honor our Limited Lifetime Warranty, as we have since 1975. I am happy to report that since the first of the year order volume has been exceptionally strong; it looks like the worst is behind us.”