Crane Co. Acquires W.T. Armatur Gmbh & Co.
Tuesday, July 12, 2011
Crane Co., a diversified manufacturer of highly engineered
industrial products, announced today that it has purchased all the equity
interests in W. T. Armatur GmbH & Co. KG. WTA is primarily a manufacturer
of bellows sealed globe valves, as well as certain types of specialty valves,
for chemical, fertilizer and thermal oil applications. The purchase price was
approximately $38 million on a cash and debt free basis. Located in Maxdorf,
Germany, WTA employs 95 people. WTA's 2010 sales of approximately $21 million
were primarily to customers in Germany and surrounding countries. More…
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