Crane Co.

Crane Co.
Crane Co. headquarters in Stamford

The Crane Company (NYSE: CR) is an American industrial products company based in Stamford, Connecticut. Founded by Richard Teller Crane, the company is best known to the consumer public as a large manufacturer of vending machines. Their famous National brand includes glassfront vending machines and cold food vending machines. Crane Co. has expanded their lineup of snack machines via their acquisitions of Glasco Polyvend Lektrovend (GPL) and Automatic Products (APi), which continue to be marketed as separate brands from Crane Co.'s National line. Crane Co. has also acquired Dixie-Narco from Maytag, adding a full lineup of soda machines to Crane Co.'s portfolio. The company also engineers and manufactures industrial equipment. Among the industries that the company serves includes: chemical industries, commercial construction, food and beverage, general and commercial aviation, and power generation. The company was one of the leading manufacturers of bathroom fixtures until 1990, when that division was sold off; it now operates as a brand of American Standard Brands.

Contents

Products

  • Controls (diagnostic, measurement, and control devices)
  • Industrial:
    • Aerospace components (sensing and control systems)
    • Engineered materials (plumbing supplies and lined-piping products)
    • Fluid handling equipment (valves and pumps)
  • Merchandising systems (vending machines)

Subsidiaries

  • Crane Aerospace
    • Burbank (Hydro-Aire and P. L. Porter)
    • Elyria (Lear Romec)
    • Lynnwood (Eldec)
    • Lyon, France (Eldec France)
  • Crane Composites
    • Florence, Kentucky (Lasco)
    • Grand Junction (Sequentia)
    • Joliet, Illinois (Kemlite)
    • Jonesboro (Kemlite)
    • Polyflon
  • Crane Electronics
    • Albuquerque (General Technology Corporation)
    • Beverly (Signal Technology)
    • Chandler (Signal Technology)
    • Fort Walton Beach (Keltec)
    • Lynnwood (Eldec)
    • Lyon, France (Eldec France)
    • Redmond (Interpoint)
    • Taiwan (Interpoint)
  • Controls
    • Azonix
    • Barksdale
    • Crane Environmental
    • Fort Lauderdale, Florida (Dynalco)
    • WMS
  • Fluid Handling
    • Crane ChemPharma Flow Solutions
    • Crane Energy Flow Solutions
    • Crane Australia
    • Crane Stockham Valve Ltd. (Belfast)
    • Crane Limited
    • Crane Process Flow Technologies (CPFT)
    • Crane Pumps and Systems (CP&S)
    • Crane Supply
    • Crane Valves North America (CVNA)
    • Pacific Valves
    • Resistoflex Industrial
    • Valve Services
    • Xomox
    • Crane Nuclear, Inc.
    • Friedrich Krombach GmbH Armaturenwerke
    • Armature d.o.o. (Slovenia)
    • Croning Livarna d.o.o.(Slovenia)
    • W.T. Armatur GmbH

Asbestos Liabilities

As of December 31, 2007, Crane Company faced 80,999 asbestos liability claims. In 2007, the company set aside $390 million for predicted asbestos liability costs through 2017. [1]

References

  1. ^ CR 2007 10-K, Financial Statements and Supplementary Data, pages 48-49 via Wikinvest article

External links


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