Crane Co.

Crane Co.

Sector: Industrial Valves Region: CT, United States

: | New York Stock Exchange: CR

Crane Co. manufactures engineered industrial products. It provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation, and other markets. It operates its business through five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems and Controls. The Aerospace & Electronics segment consists of two groups: the Aerospace and the Electronics Group. The Aerospace products include pressure, fuel flow and position sensors and subsystems; brake control systems; coolant, lube and fuel pumps; and seat actuation. The Electronics products include high-reliability power supplies and custom microelectronics for aerospace, defense, medical, and other applications; and electrical power components, power management products, electronic radio frequency and microwave frequency components and subsystems for the defense, space and military communications markets. The Fluid Handling segment provides highly engineered fluid handling equipment, such as valves, lined pipe and pumps, for critical performance applications that require high reliability. This segment operates through vertically focused end-market businesses consisting of the Crane Valve Group, Crane Pumps and Systems and Crane Supply. The Engineered Materials segment manufactures fiberglass reinforced plastic panels for the transportation industry, in refrigerated, dry-van trailers and truck bodies, recreational vehicles, industrial building applications and the commercial construction industry for food processing, restaurants and supermarket applications. The Merchandising Systems segment consists of two groups: Vending and Payment Solutions. The Vending Solutions engaged in the design and manufacture of vending equipment and related solutions and its products include a full line of vending options, including those for food, snack, coffee and cold beverages. The Payment Solutions business provides high technology products serving four global vertical markets: Retail, Vending, Gaming and Transportation and its systems solutions for these markets include coin accepters and dispensers, coin hoppers, coin recyclers, bill validators and bill recyclers. The Controls segment provides customer solutions for sensing and control applications and has special expertise in control solutions for difficult and hazardous environments and it includes two businesses: Barksdale, which includes valves and pressure, temperature and level sensors and Crane Environmental, which is specialized in water purification solutions. Crane was founded by Richard Teller Crane on July 5, 1855 and is headquartered in Stamford, CT.

News & Analysis

You may also be interested in: