Crane Company Announces Divestiture of Engineered Materials Segment
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Crane Company (CR) has announced the divestiture of its Engineered Materials segment for $227 million. This move is aimed at focusing on its core businesses and supporting its capital allocation priorities.
January 06, 2025 | 5:30 pm
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Crane Company has sold its Engineered Materials segment for $227 million to concentrate on its core businesses and enhance capital allocation.
The divestiture allows Crane Company to streamline its operations and focus on its core businesses, which is likely to be viewed positively by investors. The $227 million from the sale can be used to support capital allocation priorities, potentially leading to improved financial performance.
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