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Formerly | Crane Co. |
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Company type | Public company |
Industry | Industrial conglomerate |
Founded | 1855Chicago, Illinois, U.S. | in
Founder | Richard T. Crane |
Headquarters | Stamford, Connecticut, U.S. |
Key people | Robert S. Evans, Chairman Max Mitchell, President & CEO[1] |
Products | Aerospace & Electronics, Engineered Materials, Payment and Merchandising Technologies, Fluid Handling, Sensing & Control Systems |
Revenue | US$3.0 billion (2021) |
Number of employees | 11,000 |
Website | craneco.com |
Crane Co. is an American industrial products company based in Stamford, Connecticut. Founded by Richard Teller Crane in 1855, it became one of the leading manufacturers of bathroom fixtures in the United States, until 1990, when that division was sold off. In 1960 it began the process of becoming a holding company with a diverse portfolio. Its business segments are Aerospace & Electronics, Engineered Materials (fiberglass paneling and telecom equipment), Fluid Handling, and Controls (sensing and control systems). Industries served by these segments include chemical industries, commercial construction, food and beverage, general and commercial aviation, and power generation.
The company was best known to the consumer public for its bathroom fixtures, and more recently, its vending machines. However, it has divested itself of both of these public-facing businesses.