Last trade 1:29 PM ET
Price $34.65
Change $0.22
Volume 261,900
What does Crane Co. do?
Crane Co. is a diversified manufacturer of highly engineered industrial products.
Crane Co. was founded in 1855 as the "R.T. Crane Brass & Bell Foundry" in Chicago.
From this 14x24-foot foundry specializing in brass castings, the company has grown to employ 10,000 people around the globe. Crane Co. has been listed on the New York Stock Exchange since 1936.
Crane Co. now consists of several distinct businesses that produce a variety of products under a number of brand names. Crane is engaged in five lines of business: Aerospace & Electronics, Fluid Handling, Controls, Engineered Materials, and Merchandising Systems.
What do you make? Who are your customers? What are the Crane companies?
This website has information on our businesses and our products that can answer your question in greater detail.
What is the relationship between Crane Co. and the individual businesses?
Crane has evolved over the years through acquisitions and divestitures of businesses, and now consists of a number of businesses that produce a variety of products and brands.
In the recent past, Crane's businesses were separately responsible for the products they produce, but this is changing. Today, Crane is moving deliberately from a holding company to an operating company, in which closer relationships between the businesses provide valuable synergy and shareholder value. Crane is furthering this approach with "internal mergers" and selective acquisitions to create new business opportunities.
Do you do business outside of the United States?
Yes. Crane has operations in the Americas, in Europe, Australia, the Far East, and other locations worldwide. Crane serves customers around the world. About 25-30% of Crane's revenue originates outside the U.S.
What are your corporate values?
Crane Co. values individual integrity as expressed in the 1855
resolution of R.T.Crane:
"I am resolved to conduct my business in the strictest honesty and fairness; to avoid all deception and trickery; to deal fairly with both customers and competitors; to be liberal and just toward employees and to put my whole mind upon the business." The essence of this resolution is the business policy of Crane today.
See Crane's cultural goals here.
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