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Crane Co.

#1715

Rank

$10.08B

Marketcap

US United States

Country

Crane Co.
Leadership team

Mr. Max H. Mitchell (Pres, CEO & Director)

Mr. Richard A. Maue CPA (Sr. VP & CFO)

Mr. Anthony M. D'Iorio (Sr. VP, Gen. Counsel & Sec.)

Products/ Services
Electronics, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Stamford, Connecticut, United States
Established
1855
Company Registration
SEC CIK number: 0000025445
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CR
Social Media
Overview
Location
Summary
Crane Holdings Co., together with its subsidiaries, manufactures and sells engineered industrial products in the Americas, Europe, the Middle East, Asia, and Australia. The company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies, and Engineered Materials. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace, and the military aerospace, defense and space markets. The Process Flow Technologies segment provides engineered fluid handling equipment for mission critical applications. It offers process valves and related products, commercial valves, and pumps and systems. The Payment & Merchandising Technologies segment provides high technology payment acceptance and dispensing products to original equipment manufacturers, and for certain vertical markets. This segment also offers currency handling and processing systems, cash and cashless payment and merchandising solutions, equipment service solutions, and connected managed service solutions. The Engineered Materials segment manufactures fiberglass-reinforced plastic panels and coils, primarily for use in the manufacturing of recreational vehicles and in commercial and industrial buildings applications. It provides products and solutions to customers across end markets, including aerospace, defense, chemical and petrochemical, water and wastewater, payment automation, and banknote security and production, as well as for a range of general industrial and consumer applications. The company was formerly known as Crane Co. and changed its name to Crane Holdings Co. in May 2022. Crane Holdings Co. was founded in 1855 and is based in Stamford, Connecticut.
History

In 1855, brothers Richard and Charles Crane formed R. T. Crane & Bro., which manufactured and sold brass goods and plumbing supplies in Chicago, Illinois. The new company soon won contracts to supply pipe and steam-heating equipment in large public buildings such as the Cook County courthouse and the state prison at Joliet. In 1865, R. T. Crane and Brother was incorporated, and the name of the company was changed to the Northwestern Manufacturing Company. It began to manufacture a full line of industrial valves and fittings in cast iron, malleable iron and brass. By 1870, when it employed about 160 people, it was making elevators as well. After the Chicago Fire of 1871, the company decided to expand its operations. Just after the firm became Crane Bros. Manufacturing Co. in 1872, it employed as many as 700 men and boys and manufactured over $1 million worth of products per year.

In 1890, when it had sales branches in Omaha, Kansas City, Los Angeles and Philadelphia, the company changed its name to Crane Co. By this time, Crane was supplying much of the pipe used for the large central heating systems in Chicago's new skyscrapers, and it was also selling the enameled cast-iron products that were soon found in bathrooms in residences across the country.

In 1910, Crane had begun to manufacture at a plant in Bridgeport, Connecticut. A large new Chicago plant on South Kedzie Avenue was built in the 'teens which employed more than 5,000 people. During the 1920s, when Crane expanded overseas, the company was the world's leading manufacturer of valves and fittings. Company sales rose to over US$300 million per annum by the mid-1950s.

In 1959, the Crane family sold their control of the company, and the new owners began to turn Crane into a global conglomerate that made aerospace equipment in addition to their traditional place in the plumbing industry. Headquarters eventually moved from Chicago to Bridgeport. The Crane Plumbing unit was sold off in 1990. Crane Plumbing is now a division of American Standard.

Mission
Crane Co.'s mission is to be the global leader in providing total engineered solutions to customers, delivering superior value and product / service innovation, while adhering to the highest ethical standards of business.
Vision
Crane Co. envisions a future in which we will continue to expand our business model through a combination of organic growth, strategic investments, and acquisitions.
Key Team

Mr. Kurt F. Gallo (Sr. VP of Payment & Merchandising Technologies and Engineered Materials)

Mr. Alejandro Alcala (Sr. VP of Process Flow Technologies and Operations in China, India and the Middle East & Africa)

Ms. Christina Cristiano (VP, Controller & Chief Accounting Officer)

Ms. Ann K. Vinci (Chief Information Officer)

Mr. Jason D. Feldman (VP of Investor Relations)

Mr. James A. Lavish (VP of People & Performance)

Ms. Tamara S. Polmanteer (Sr. VP & Chief HR Officer)

Recognition and Awards
Throughout its long history, Crane Co. has won numerous awards and honors, including The National Association of Manufacturers' GPM Performance Excellence Award, National Contract Management Association's Supplier Performance Excellence Award, and the Aerospace Industries Association's Aerospace Supplier Excellence Award.
References
Crane Co.
Leadership team

Mr. Max H. Mitchell (Pres, CEO & Director)

Mr. Richard A. Maue CPA (Sr. VP & CFO)

Mr. Anthony M. D'Iorio (Sr. VP, Gen. Counsel & Sec.)

Products/ Services
Electronics, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Stamford, Connecticut, United States
Established
1855
Company Registration
SEC CIK number: 0000025445
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
CR
Social Media