On The Pegs September 2019 - Volume 4 - Issue 9 | Page 33

On The Pegs
Vol. 4 Issue 9 - September 2019
33
we did run into some issues with plastics and everything else that were obviously
destroyed in the fire. But things are getting better back at the factory as far as get-
ting caught up on back-orders. Our fulfillment rates are getting up there. Not the
level that we want them to be, but they’re getting better. So, the bottom line is,
we are doing well and it’s business as usual at GasGas North America.
“When the Contreras family and the Torrot Group bought GasGas in 2016, they
didn’t use their own money. They used a company called Black Toro Capital as
their investment company. Throughout all this, GasGas had a very successful 2017
with the new 2018 models in that timeframe.They did 40 million dollars in sales
that year, and 30 million of it was GasGas sales. Only 10 of it was Torrot sales. But
Torrot decided to take that cash and invest more into electric, more into green
energy, and they kind of left GasGas holding the bag for 2019 R&D and 2020 R&D.
That’s where the Black Toro Capital said enough is enough. GasGas is the company
that is profitable. GasGas has a viable future. We’re going to take control of that.
That’s where they’re at right now, working on splitting up the two companies and
we are just working on aftersales support and keeping our dealers plus consumers
in the loop of what is truly going on.” n