Crane (NYSE: CR) is a diversified manufacturer of engineered industrial products.
Crane is a diversified manufacturer of highly engineered industrial products. Their business consists of five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Their primary markets are aerospace, defense electronics, recreational vehicle, transportation, automated merchandising, chemical, pharmaceutical, oil, gas and power, nuclear, building services and utilities.
Their stated strategy is to grow the earnings of niche businesses with leading market shares, acquire companies that fit strategically with existing businesses, aggressively pursue operational and strategic linkages among their businesses, build a performance culture that stresses continuous improvement and ensure a committed management team whose interests are directly aligned with those of the shareholders and maintain a focused, efficient corporate structure.
Source: Crane May 8th, 2009 10-Q