As far as building goes, it’s 4 miles. How many people to transfer is unknown. True. My point is that many were laughing because California was losing a company which isn’t true.
I get your point. California is not actually losing the company — yet.
However, it may turn out that IOP’s acquisition of COMP (which is located in other states) could lead to it to look at moving Edlebrock to less expensive locations to improve operations and efficiency. That’s the kind of cost reducing consolidation that private equity looks for. Not only that, Edelbrock’s real estate in California can be sold off. Such financial considerations cannot be igonred.
Not saying that’s going to happen but part of IOP’s operating thesis with respect to Edlebrock (stated on their website) is “to improve operations and efficiency”. It also stated that it wants to optimize Edlebrock’s operational footprint. So relocation cannot be ruled out and California could wind up losing the company.