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Crane Co. Acquires W.T. Armatur Gmbh & Co.

Tuesday, July 12, 2011  
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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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