KPS CAPITAL PARTNERS TO ACQUIRE THE ENGINEERED MATERIALS BUSINESS OF CRANE COMPANY
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KPS Capital Partners is set to acquire the Engineered Materials business from Crane Company for $227 million. The transaction is expected to close in Q1 2025, pending customary conditions and approvals.
December 02, 2024 | 10:00 pm
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Crane Company is selling its Engineered Materials business to KPS Capital Partners for $227 million. The deal is expected to close in Q1 2025, subject to customary conditions.
The sale of the Engineered Materials business is a significant transaction for Crane Company, potentially impacting its financials positively by focusing on core operations and improving cash flow. The market may react positively to the strategic divestiture.
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