Crane Company Completes Separation from Crane Holdings, Co.
Execs ring opening bell on NYSE.
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Crane Company (“Crane,” NYSE: CR), a manufacturer of highly engineered industrial products, announced the completion of its separation from Crane Holdings, Co., and its launch as an independent, publicly traded company on April 4, 2023. Crane began trading on the New York Stock Exchange on April 4, 2023 under the ticker “CR.”
Crane’s President and CEO, Max Mitchell, said: “Today marks another important milestone in Crane’s history. For decades, we have delivered consistent and differentiated execution, strengthening our business through organic growth and value-creating acquisitions. Now that the separation is complete, Crane Company is a simpler and more focused business, better positioned to tailor investment and capital allocation strategies to its two strategic growth platforms and to attract an investor base fully aligned with its strong growth and financial profile.”
To celebrate the completion of the separation transaction and first day of trading as an independent publicly traded company, Mr. Mitchell and the Crane leadership team rang the New York Stock Exchange’s Opening Bell on April 4, 2023.
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