Crane Co. Completes Two Acquisitions.STAMFORD, Conn. -- Crane Co. (NYSE NYSE See: New York Stock Exchange : CR), a diversified manufacturer of highly engineered industrial products, announced today that it had completed the acquisition of Noble Composites, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. specializing in the manufacture and sale of premium, high-gloss finished composite panels used by motorhome and travel trailer A travel trailer or caravan is a trailer towed behind a road vehicle (or even a horse) to provide a place to sleep which is more comfortable, sheltered and protected than a tent (although there are fold-down tent trailers [1]) . manufacturers. Crane Co. also announced that it had completed the acquisition of certain assets of Automatic Products International, a privately held manufacturer of vending equipment. These transactions had been previously announced. Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. The Company has five business segments: Aerospace & Electronics, Fluid Handling, Engineered Materials, Merchandising Systems, and Controls. Crane has approximately 10,500 employees in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , South America, Europe, Asia and Australia. Crane Co. is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE:CR). For more information, visit www.craneco.com. This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements present management's expectations, beliefs, plans and objectives regarding future financial performance, and assumptions or judgments concerning such performance. Any discussions contained in this press release, except to the extent that they contain historical facts, are forward-looking and accordingly involve estimates, assumptions, judgments and uncertainties. There are a number of factors that could cause actual results or outcomes to differ materially from those addressed in the forward-looking statements. Such factors are detailed in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the fiscal year ended December 31, 2005 and subsequent reports filed with the Securities and Exchange Commission. |
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