Crane Company Completes Separation from Crane Holdings, Co.
Execs ring opening bell on NYSE.
#VMAnews
Share
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.
RELATED CONTENT
-
Bray Launches New Cx Line Products at ValveWorld Expo
Bray is showing its newest line of butterfly valves at this year’s ValveWorld Expo in Dusseldorf.
-
An Interview with VMA's New Board Chairman
At VMA’s 83rd Annual Meeting, Ron Warren, President and COO of Bray International Inc., was elected the board chairman of VMA for the next year.
-
Standards for Actuator/Gearbox Flanges
“Many variations in valve and actuator dimensions and characteristics have come into play especially now that we have worldwide vendors,” said Paul Souza, training manager at AUMA Actuators in a presentation at the Valve Manufacturers Association Virtual Valve Forum in November 2020.
 Unloading large gate valve.jpg;maxWidth=214)
