Crane Co. Acquires the Hattersley Brand
Crane Co. announces that its UK subsidiary, Crane Limited, has purchased the Hattersley valve brand and business together with certain related intellectual property, goodwill and assets from Hattersley Newman Hender, Ltd., a subsidiary of Tomkins plc.
Hattersley branded products include an array of valves for commercial, industrial and institutional construction projects. The business will be integrated into Crane Limited, a leading provider of pipe fittings, valves and related products to the building services and industrial markets in the United Kingdom and Europe.
Terms of the transaction were not disclosed.
Crane Ltd. is a Crane Co. company and operates within the Company's Fluid Handling segment. For information about Crane Co. and its Crane Ltd. business, visit the company websites, www.craneco.com and www.cranefs.com.
Crane Co. is a diversified manufacturer of engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).
This press release may contain forward-looking statements as defined by the Private Securities Litigation Reform Act 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 for the fiscal year ended December 31, 2002 and subsequent reports filed with the Securities and Exchange Commission.
Source: Crane Co.