Crane Holdings, Co. Announces Completion of Crane Supply Divestiture

Rhea-AI Summary

Crane Holdings, Co. (NYSE: CR) announced the completion of the divestiture of Crane Supply on May 31, 2022. This strategic move is part of Crane's ongoing focus on streamlining its operations and enhancing shareholder value. Crane is a diversified manufacturer with a strong presence across various sectors, including aerospace, defense, and chemical processing. Established in 1855, the company operates globally with approximately 11,500 employees. For more details, visit www.craneco.com.

Positive

• Completion of divestiture may enhance focus on core business segments.
• Strategic move could potentially increase shareholder value.
• Crane operates across diverse sectors, indicating strong market presence.

Negative

• None.

STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Holdings, Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported today that the previously announced divestiture of Crane Supply was completed on May 31, 2022.

About Crane Holdings, Co.

Crane Holdings, Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers across end markets including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a wide range of general industrial and consumer applications. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. Crane has approximately 11,500 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220531005952/en/

Jason D. Feldman

Vice President, Investor Relations

203-363-7329

www.craneco.com

Source: Crane Co.

FAQ

When did Crane Holdings, Co. complete the divestiture of Crane Supply?

Crane Holdings, Co. completed the divestiture of Crane Supply on May 31, 2022.

What is Crane Holdings, Co.'s stock symbol?

Crane Holdings, Co. is traded under the stock symbol CR on the New York Stock Exchange.

What industries does Crane Holdings, Co. operate in?

Crane Holdings, Co. operates in industries such as aerospace, defense, chemical processing, and payment automation.

How many employees does Crane Holdings, Co. have?

Crane Holdings, Co. has approximately 11,500 employees globally.