Crane Company Announces Agreement To Sell Engineered Materials Segment To KPS Capital Partners, LP
Crane Holdings, Co. (CR)
Last crane holdings, co. earnings: 4/27 05:01 pm
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US:NYSE Investor Relations:
ir.craneco.com
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Source: Business Wire
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Company (NYSE:CR) (“Crane” or the “Company”), a premier industrial manufacturing and technology company, announced that it has entered into a definitive agreement to sell its Engineered Materials business to KPS Capital Partners, LP (“KPS”) for $227 million.Max Mitchell, Chairman of the Board, President and Chief Executive Officer of Crane Company said, “This divestiture reflects yet another important step forward following the numerous actions we have taken over the last few years to simplify our portfolio and focus our resources on our two strategic growth platforms: Aerospace & Electronics and Process Flow Technologies. Those simplification actions have included the divestiture of non-core assets including Crane Supply and the defeasement of legacy liabilities in 2022, followed by our 2023 separation transaction. Since the separation, we have continued to invest in our strategic growth platforms organically, and further strengthened those
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- Crane (NYSE: CR) was downgraded by analysts at Stifel Nicolaus from a "buy" rating to a "hold" rating. They now have a $176.00 price target on the stock.MarketBeat
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CR
Earnings
- 10/28/24 - Beat
CR
Sec Filings
- 12/11/24 - Form 8-K
- 12/4/24 - Form 144
- 12/2/24 - Form 4
- CR's page on the SEC website