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Crane closes deal to acquire Crane Currency

Jan. 10, 2018 7:16 PM ETCrane Company (CR) StockBy: Jason Aycock, SA News Editor1 Comment
  • Industrial product maker Crane Co. (NYSE:CR) has closed on an acquisition of Crane Currency.
  • The company will be added to Crane's Payment & Merchandising Technologies business.
  • "Crane Currency is the fastest growing, fully integrated global currency provider in the global banknote supply and security industry, and it is an excellent fit to complement our expanding presence in the currency and payment markets," says CEO Max Mitchell.
  • More information on the acquisition will come Jan. 29, along with Q4 earnings, and on March 1 for the company's annual Investor Day.

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