Philipsburg, PA-based UMI Performance Inc. has acquired CNB Bank Raceway Park in Clearfield, PA where the performance chassis and suspension parts maker plans to open a road-racing and autocross motorsports facility in 2018.
Terms of the deal were not disclosed.
The renamed UMI Motorsports Park will be largely dedicated to UMI Performance product testing, company officials said.
The 85-acre motorsports facility has been home to nearly 50 years of wheel-to-wheel racing. It features a 5/8-mile asphalt oval, which UMI officials plan to preserve and allow for testing rental by professional circle-track race teams and possible ride-and-drive events.
“The acquisition of CNB Bank Raceway Park from the Bainey family (longtime supporters of motorsports in our region) reinforces UMI’s commitment to building world-class muscle car suspension products,” said UMI president Ryan Kirkwood in a news release. “Adding a dedicated test venue to our already rigorous racing schedule will further ensure that reliability and performance is built into every UMI component.
“By loading our components heavily in racing situations, we can feel confident that a customer’s street car, drag car, or handling car will perform safely and reliably for many years and many thousands of miles.”
UMI officials’ short-term plans call for a few cosmetic upgrades, including a new scoreboard, motorsports park signage, and new paving work to the racetrack’s infield where most of the product testing and autocross events will take place.
UMI officials said they are planning a soft opening in August 2018 for a UMI Cruise-In Autocross event.