Site updated 8/26/10


MANTAPART HAS CLOSED OUR PERFORMANCE PARTS BUSINESS EFFECTIVE AUGUST 25TH
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Due to the declining economy and the owner's desire to retire, the Mantapart business is closing and will be offered for sale in it's entirety and under related regional outlets if no single buyer is found. Details on those options will appear below for all interested parties and principles to consider. We will field calls until the end of September to advise on other sources and parts tech info for current customers during the shutdown. The owner would like to thank the thousands of great and loyal customers who helped grow and support the business in its 40 year span. He would also like to thank the many dedicated GM corporate parts, engineering and motorsports people who were so very helpful in our years developing the business and racing efforts. And conversely, and sadly, to many who hindered the small car movement within the company that they did an injustice to the millions of GM small car owners and motorsports competitors with small GM vehicles. He would also like to offer apologies for any who may have suffered from our inability to maintain our highest standards the past couple years, it is something that was taken very seriously and will always be regreted. And also would like to say to the many on the internet who either helped or hindered our success, that we will remember them all for their contributions. We hope that a buyer with the resources to take over a business of this vast spectrum of parts, fabricating and technical info will step forward, but in lieu of that we are offering 10 regional "Intellectual Property" agreements also. The owner would prefer to sell all the assets to one buyer, but with the current economic and business climate the info below will possibly offer more people access to the company, and develop more markets, instead of from one National entity.

1) PURCHASE THE COMPLETE BUSINESS: CONTACT INFO: HOTSFGT@AOL.COM

The owner would prefer to sell the business with all technical, sales, fabricating and supplier sources and equipment to a single company with the resources to continue to provide the GM small car community with the best and most current part for their vehicles. The purchase agreement for this option is now being formulated and those parties who feel they have both the technical and financial resources can contact us at the email above to discuss details and costs. All equipment , tooling, patterns, fixtures and molds will be included in the sale entirely, and the owner will remain on board to assist in the take over to provide both sales, sourcing and technical support. for up to 3 months. THE SALES DEADLINE WILL BE NOVEMBER 30TH, 2010

2) 10 REGIONAL "INTELLECTUAL PROPERTY" SALES AGREEMENTS: CONTACT INFO: HOTSFGT@AOL.COM

The owner is going to offer for sale, effective immediately, complete access to all the technical, parts, suppliers and fabrication specs to ten shops or businesses in specified areas across the country. Due to the vast expense to run this business in it's entirety, there may be greater benefits for 10 regional companies to take the info and develop whatever part or how much of the business they feel will help them the best to grow their own company, either locally or Nationally. Providing this info to these high volume market areas will insure more will be able to continue to take advantage of these Gm small car performance products, and hopefully the ten new owners will share some info to all their benefits as well. Select buyers will have to provide guaranteed financial funding via bank letter of credit before being added to those purchasers. When the deadline is reached all the info will be provided in a complete Information Packet at the same time, so as to give no initial business advantage to any of the new owners. Any of the ten will also have the first opportunity to bid on any existing equipment, fixtures, patterns or castings and existing inventory, etc. that are part of the business.. but that material will be sold separately after the Regional sale if they are not purchased by the ten buyers.

THE DEADLINE FOR REGIONAL PURCHASE CONSIDERATION WILL BE NOVEMBER 30TH, 2010

3) IF THE BUSINESS SHOULD SELL BEFORE THE DEADLINE ALL REGIONAL PURCHASERS WILL NO LONGER BE CONSIDERED

Should a buyer step forward to purchase the complete operations and equipment of Mantapart, then the 10 Regional agreement purchasers will no longer be in consideration, But they will not be out any money since their stake in the business sale will only be through their letter of credit. Thus only their funds on hold with their bank will be returned to them with no chance of loss at all so it will be completely safe and secure to vie for the business info. At that time those 10 will also be made known to the new owner, should they wish to make any individual offers or agreements between themselves for parts, info or equipment. Again, those 10 will have first consideration because of their ability and desire to carry on the business.

In closing it is a bitter-sweet time here, but the time has come to enjoy family and friends and actually get to do some of their own car work and racing, too many years of keeping everyone else's cars ready was a long and difficult job that few would realize unless they have been in the business. Please refer to the email address only to inquire about the business and info so as to make communications much easier during the shutdown transition. Again to all our loyal customers, friends, racers, suppliers and vendors- it has been a great time and we are thankful for all your support in good times and bad. We wish you all the best and safest experiences with your small GM performance vehicles, they are comparable to any imports and have proven it on the street and race tracks. We hope that our efforts over all of these year have played a small part in making GM small cars the success, both on and off track, that they have achieved.

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The name General Motors (GM) or any of its vehicles is used on this site purely for descriptive purposes.
It implies no connection with GM.

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