Profile: Crane Co (CR.N)

CR.N on New York Stock Exchange

57.19USD
18 Dec 2014
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Crane Co. (Crane), incorporated on April 3, 1985, is a diversified manufacturer of engineered industrial products. It operates in five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Its primary markets are aerospace, defense electronics, non-residential construction, recreational vehicle (RV), transportation, automated merchandising, chemical, pharmaceutical, oil, gas, power, nuclear, building services and utilities. The Aerospace & Electronics segment has two groups, the Aerospace Group and the Electronics Group. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels. The Merchandising Systems segment is comprised of two businesses, Vending Solutions and Payment Solutions. The Fluid Handling segment is a provider of engineered fluid handling equipment. The Controls segment provides customer solutions for sensing and control applications. In June 2012, it sold certain assets and operations of the Company’s valve service center in Houston, Texas, and also sold Azonix Corporation (Azonix) to Cooper Industries. In December 2013, the Company announced that it has completed the acquisition of MEI Conlux Holdings.

Aerospace & Electronics

This segment supplies critical components and systems, including original equipment and aftermarket parts, for both the commercial and military aerospace industries. The Aerospace Group’s products are organized into the following solution sets, which are designed, manufactured and sold under their respective brand names: Landing Systems (Hydro-Aire), Sensing and Utility Systems (ELDEC), Fluid Management (Lear Romec) and Cabin Systems (P.L. Porter). The Electronics Group products are organized into the following solution sets: Power Solutions (ELDEC, Keltec and Interpoint), Microwave Systems (Signal Technology and Merrimac) and Microelectronics (Interpoint). The Landing Systems solution set includes aircraft brake control and anti-skid systems, including electro-hydraulic servo valves and manifolds, embedded software and rugged electronic controls, hydraulic control valves, landing gear sensors, and electrical braking as original equipment to the commercial transport, business, regional, general aviation, military and government aerospace, repair and overhaul markets. Manufacturing for Landing Systems is located in Burbank, California.

The Sensing and Utility Systems solution set includes custom position indication and control systems, proximity sensors, and pressure sensors for the commercial business, regional and general aviation, military, maintenance, repair and overhaul (MRO) and electronics markets. These products are custom designed for specific aircraft to meet technically demanding requirements of the aerospace industry. Its Sensing and Utility Systems products are manufactured at facilities in Lynnwood, Washington and Lyon, France. The Company’s Fluid Management solution set includes lubrication and fuel pumps and fuel flow meters for aircraft and radar cooling systems for the commercial and military aerospace industries. It also includes fuel boost and transfer pumps for commuter and business aircraft. The Company’s Fluid Management products are manufactured at three facilities located in Elyria, Ohio; Burbank, California, and Lynnwood, Washington.

The Company’s Cabin Systems solution set includes motion control products for airline seating. It manufactures both electromechanical actuation and hydraulic/mechanical actuation solutions for aircraft seating, selling directly to seat manufacturers and to the airlines. Its Cabin Systems solutions are primarily manufactured in Burbank, California. Its Power solution set includes custom low voltage and high voltage power supplies, miniature (hybrid) power modules, battery charging systems, transformer rectifier units, high power traveling wave tube (TWT) transmitters and power for TWT and solid state transmitters and amplifiers for a range of applications in the defense, commercial aerospace and space markets. These products are used to provide power for avionics, weapons systems, radar, electronic warfare suites, communications systems, data links, aircraft utilities systems, emergency power, bulk alternating current/ direct current (ac/dc) power conversion and motor pulse power. Products range from modules to full custom designed power management and distribution systems. Facilities are located in Redmond and Lynnwood, Washington; Ft. Walton Beach, Florida, and Kaohsiung, Taiwan.

The Company’s Microwave Systems solution set includes sophisticated electronic radio frequency components and subsystems and specialty components and materials. These products are used in defense and space electronics applications that include radar, electronic warfare suites, communications systems and data links. It supplies to many United States Department of Defense prime contractors and foreign allied defense organizations with products that enable missile seekers and guidance systems, aircraft sensors for tactical and intelligence applications, surveillance and reconnaissance missions, communications and self-protect capabilities for naval vessels, sensors and communications capability on unmanned aerial systems and applications for combat troops. Facilities are located in Beverly, Massachusetts; Chandler, Arizona; West Caldwell, New Jersey; San Jose, Costa Rica, and Norwalk, Connecticut. The Company’s Microelectronics solution set designs, manufactures and sells custom miniature (hybrid) electronic circuits for applications in medical, military and commercial aerospace industries.

Engineered Materials

The Engineered Materials segment manufactures fiberglass-reinforced plastic panels for the transportation industry, in refrigerated and dry-van trailers and truck bodies, RVs, industrial building applications and the commercial construction industry for food processing, restaurants and supermarket applications. Engineered Materials sells the majority of its products directly to trailer and RV manufacturers and uses distributors and retailers to serve the commercial construction market. Manufacturing facilities are located in Joliet, Illinois; Jonesboro, Arkansas; Florence, Kentucky, and Goshen, Indiana.

Merchandising Systems

The Company’s Vending Solutions business is primarily engaged in the design and manufacture of vending equipment and related solutions. Its products, which include a full line of vending options, including those for food, snack, coffee and cold beverages, are sold to vending operators and food and beverage companies worldwide. Production facilities for Vending Solutions are located in Williston, South Carolina and Chippenham, England. The Company’s Payment Solutions business provides high technology products serving four global vertical markets: Retail, Vending, Gaming and Transportation. Its payment systems solutions for these markets include coin accepters and dispensers, coin hoppers, coin recyclers, bill validators and bill recyclers. Major facilities are located in Manchester, England; Buxtehude, Germany; Concord, Ontario, Canada; Kiev, Ukraine, and Salem, New Hampshire.

Fluid Handling

The Fluid Handling segment is a provider of engineered fluid handling equipment, such as valves, lined pipe and pumps, for critical performance applications. The segment operates through vertically focused end-market businesses consisting of the Crane Valve Group (Valve Group), Crane Pumps & Systems and Crane Supply. The Valve Group business includes: Crane ChemPharma & Energy Flow Solutions and Building Services & Utilities. The Valve Group is a global manufacturer of critical on/off process valves for demanding applications in industrial end markets, as well as valves, coupling and gas components for commercial construction and utilities end markets. Products and services include a range of valves, corrosion-resistant, plastic-lined pipe, pipe fittings, couplings, connectors, actuators and valve testing. Markets served include the chemical processing, pharmaceutical, oil and gas, power, nuclear, mining, water and wastewater, general industrial and commercial construction industries.

Products are sold under the trade names Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Stockham, Wask, Viking Johnson, IAT, Hattersley, NABIC, Sperryn, Wade, Rhodes, Brownall, Resistoflex, Duochek and WTA. Facilities and sales/service centers are located in the United States, as well as in Australia, Austria, Belgium, Canada, China, England, Finland, France, Germany, Hungary, India, Indonesia, Italy, Japan, Mexico, the Netherlands, Northern Ireland, Russia, Singapore, Slovenia, South Korea, Spain, Sweden, Taiwan, United Arab Emirates and Wales. Crane Pumps & Systems manufactures pumps under the trade names Deming, Weinman, Burks and Barnes. Pumps are sold to a customer base that includes industrial, municipal, and commercial water and wastewater, commercial heating, ventilation and air-conditioning industries, original equipment manufacturers and military applications. Crane Pumps & Systems has facilities in Piqua, Ohio; Bramalea, Ontario, Canada, and Zhejiang, China. Crane Supply, a distributor of valves, fittings, piping and plumbing supplies, maintains 31 distribution facilities throughout Canada.

Controls

The Controls segment provides customer solutions for sensing and control applications. It includes two businesses: Barksdale (valves and pressure, temperature and level sensors) and Crane Environmental (specialized water purification solutions).

Company Address

Crane Co

100 FIRST STAMFORD PLACE
STAMFORD   CT   6902
P: +1203.3637300
F: +1302.6555049

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