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Testa Corp out of business?

Discussion in 'Demolition' started by ragsco4, Jan 30, 2014.

  1. ragsco4

    ragsco4 New Member

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    Was just wondering if Testa went out of business? I see CN Wood has some of there old iron for sale.
     
  2. Wolf

    Wolf Senior Member

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    Hard to imagine. They were such a powerhouse. Great company. I hope they are OK.
     
  3. powerjoke

    powerjoke Senior Member

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    seems like i read on another thread of them going under but cant verify anything, if i remember right it was in the high reach vs wrecking ball thread ??

    pjj
     
  4. Wolf

    Wolf Senior Member

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    How could they go under? Such a big powerful company with great management and excellent reputation. Seems very strange.
     
  5. Scrub Puller

    Scrub Puller Senior Member

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    Yair . . . their website is still up and contact email opens.

    Cheers.
     
  6. jeff45

    jeff45 Active Member

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    They are out of business and all of their equipment has been repossessed. They owe the unions big money for unpaid benefits.
     
  7. Turbo21835

    Turbo21835 Senior Member

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    Not all of it has been repossessed. There are a hand full of pieces at the old Ford plant in Wixom Mi. That said, they havent moved in a few months. MI Cat has 8 or so excavators from Testa sitting in Grand Rapids Mi, and they are in rough shape.
     
  8. Wolf

    Wolf Senior Member

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    Terrible. Shame on them. How did you find this out, Jeff?
     
  9. Dualie

    Dualie Senior Member

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  10. Wolf

    Wolf Senior Member

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    Testa Down

    So what are all the guys from Testa doing for work now? Have they gone other places/reinvented themselves as a new company?

    Testa really had quite a run. Did some big awesome projects for sure.
     
  11. Deliacorpny

    Deliacorpny Active Member

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    Occupation:
    Owner/operator excavation business
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    Westchester ny
    Testa is done , screwed tons of subs outta money ! And the union as well ! Lotta iron was repoed. ****ed a local guy outta 300k for trucking! Has a bad name to there, without a doubt was huge but seems like the bigger they are the harder they fall. 2nd and 3rd gen always seem to **** up ! Big shots
     
  12. Wolf

    Wolf Senior Member

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    Sad story indeed. Greed did them in, it seems. Who is taking over the big jobs in Boston, now that they are gone?
     
  13. ARPlante

    ARPlante Well-Known Member

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    Occupation:
    Owner, secretary, estimator, mechanic, janitor
    Location:
    Massachusetts
    JDC Demolition (A subsidiary of J Derenzo excavation) and NASDI seem to be ruling the demolition scene out here now.
     
  14. jeff45

    jeff45 Active Member

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    I read the article first on demolitionforums.com .... The big demo companies around here now j.r. Vinagro out of Rhode Island and JDC demo out of boston I've done a lot of work with both companies, also nasdi
     
  15. JGibson

    JGibson Well-Known Member

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    I grew up right next to Jr Vinagros yard. Nice to see the hometowns boys doing so well. Awesome company. Testa on the other hand, Ive heard mixed reviews.
     
  16. jeff45

    jeff45 Active Member

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    yea, not sure if you know Joey Vinagro or not, but he is doing amazing with the stuff he does. And the new waste processing facility that he just built is unreal.
     
  17. JGibson

    JGibson Well-Known Member

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    I dont know joey, but i know people that work there, and when I was a kid I got to go, and now i go sometimes for work.
     
  18. ajordan6337

    ajordan6337 Member

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    This is precisely why unions now a days are a complete waste. We are an anti union company and our workers make more money and more benefits than being in the union as well as work harder. Unions are a flat out joke anymore.
     
  19. Turbo21835

    Turbo21835 Senior Member

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    Care to explain this statement? Are you saying the unions are a waste because they are suing Testa for money that is owed to them based on a negotiated contract?
     
  20. oldtanker

    oldtanker Senior Member

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    Location:
    vining mn
    OK guys lets not start a union fight over this.

    Rick