Crane Company (CR)

Description:

Crane Co. was founded in 1855. It is a diversified manufacturer of engineered industrial products. The Company is divided into five business segments as: Aerospace & Electronics; Engineered Materials; Merchandising Systems; Fluid Handling; and Controls. The Aerospace & Electronics segment has two groups, the Aerospace Group and the Electronics Group. The Aerospace Group products are currently manufactured under the brand names Hydro-Aire, ELDEC, Lear Romec, P.L. Porter and Resistoflex-Aerospace. The Aerospace Group's products are organized into the following solution sets: Landing Systems, Sensing and Controls, Fluid Management, Aircraft Electrical Power and Cabin. The Electronics Group products are currently manufactured under the brand names Interpoint, ELDEC, Keltec, STC Microwave Systems, Olektron, and General Technology. The Electronic Group products are organized into the following solution sets: Power, Microwave Systems, Electronic Manufacturing Services and Microelectronics/Wireless Monitoring. The Engineered Materials segment is made up of the Kemlite fiberglass-reinforced plastic panel business. Kemlite manufactures FRP panels for the transportation industry, in refrigerated and dry-van truck trailers, recreational vehicles, industrial markets and the commercial construction industry for food processing, fast-food restaurants and supermarket applications, as well as institutions where fire-rated materials with low-smoke generation and minimum toxicity are required, and for residential construction. Kemlite sells its products directly to truck trailer and recreational vehicle manufacturers and uses distributors to serve the commercial construction market and some segments of the recreational vehicle market. Kemlite's manufacturing facilities are located in Channahon, Illinois; Jonesboro, Arkansas; Grand Junction and Bolivar, Tennessee; Houston, Texas; Florence and Henderson, Kentucky and Alton, Hampshire, United Kingdom. The Merchandising Systems segment consisted of Crane Merchandising Systems and National Rejectors, Inc. GmbH. CMS products include electronic vending merchandisers for refrigerated and frozen foods, hot and cold beverages, snack foods, single cup individually brewed hot drinks and combination vendors/merchandisers designed to vend both snack foods and hot/cold drinks or snacks and refrigerated/frozen foods in one machine. CMS also includes Streamware Corporation, a provider of business management software and market analysis tools for the vending and food service industries. CMS has manufacturing facilities in Bridgeton, Missouri; Boston, Massachusetts and Chippenham, Wiltshire, United Kingdom. NRI manufactures electronic coin validators for the automated merchandising and gambling/amusement markets in Europe. NRI has a manufacturing facility in Buxtehude, Germany and distribution facilities in Barcelona, Spain and Horbourg-Wihr, France. The Fluid Handling segment consists of the Crane Valve Group, Crane Ltd., Resistoflex-Industrial, Crane Pumps & Systems, Crane Supply and Crane Environmental. The Controls segment consists of Barksdale, Azonix and Dynalco. These companies design, manufacture and market industrial and commercial products that control flows and processes in various industries including transportation, oil and gas, chemical, construction, food and beverage and power generation. The products in this segment are sold directly to end users and engineering contractors through the Company's own sales force and cooperatively with sales representatives, stocking specialists and industrial distributors. Its lines of business are conducted under competitive conditions in each of the geographic and product areas they serve. The Companies businesses are subject to governmental regulation.