On the Record · Crane
Crane acquisitions, on the record
The businesses Crane bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Baum lined piping GmbH (BAUM)Word for word“On October 4, 2023, the Company completed the acquisition of Baum lined piping GmbH (“BAUM”) for approximately $93.5 million on a cash-free and debt-free basis, with $90.5 million paid in 2023 and $3 million to be paid in 2024, related to the final working capital adjustment.” 10-K for 2023 | acquisition | On October 4, 2023 | approximately $93.5 million |
Vian Enterprises, Inc. (Vian)Word for word“On January 2, 2024, the Company completed the acquisition of Vian Enterprises, Inc. (“Vian”) for $103 million on a cash-free and debt-free basis, subject to a net working capital adjustment and potential additional payments of up to $7.5 million depending on the resolution of outstanding contingencies.” 10-K for 2023 | acquisition | On January 2, 2024 | $103 million |
Redco Corporation (asbestos-related liabilities and insurance assets), sold to Spruce Lake Liability Management Holdco LLCWord for word“On August 12, 2022, Crane Holdings, Co., Crane Company, a wholly-owned subsidiary of Crane Holdings, Co., and Redco Corporation (“Redco”), then a wholly-owned subsidiary of Crane Company that held liabilities including asbestos liabilities and related insurance assets, entered into a Stock Purchase Agreement (the “Redco Purchase Agreement”) with Spruce Lake Liability Management Holdco LLC (“Redco Buyer”), an unrelated third party and long-term liability management company specializing in the acquisition and management of legacy corporate liabilities whereby Crane Company transferred to Redco Buyer all of the issued and outstanding shares of Redco (the “Redco Sale”).” 10-K for 2023 | divestiture | On August 12, 2022 | — |
Engineered Materials segmentWord for word“Effective on January 1, 2025, the Company completed the sale of the Engineered Materials segment to KPS Capital Partners, L.P (“KPS”) for approximately $208.0 million, on a cash-free and debt-free basis.” 10-K for 2024 | divestiture | January 1, 2025 | approximately $208.0 million |
Technifab Products, Inc. (“Technifab”)Word for word“On November 1, 2024, the Company completed the acquisition of Technifab Products, Inc. (“Technifab”).” 10-K for 2024 | acquisition | November 1, 2024 | — |
CryoWorks, Inc. (“CryoWorks”)Word for word“On May 1, 2024, the Company completed the acquisition of CryoWorks, Inc. (“CryoWorks”).” 10-K for 2024 | acquisition | May 1, 2024 | — |
Druck, Panametrics and Reuter-Stokes brandsWord for word“On January 1, 2026, the Company completed the acquisition of the Druck, Panametrics and Reuter-Stokes brands (previously known as Precision Sensors & Instrumentation) from the Baker Hughes Company.” 10-K for 2025 | acquisition | January 1, 2026 | — |
optek-DanulatWord for word“Also on January 1, 2026, the Company completed the acquisition of optek-Danulat (“Optek”).” 10-K for 2025 | acquisition | January 1, 2026 | — |
Technifab Products, Inc.Word for word“On November 1, 2024, the Company completed the acquisition of Technifab Products, Inc. (“Technifab”) for $ 38.8 million on a cash-free and debt-free basis.” 10-K for 2025 | acquisition | November 1, 2024 | $ 38.8 million |
CryoWorks, Inc.Word for word“On May 1, 2024, the Company completed the acquisition of CryoWorks, Inc. (“ CryoWorks ”) for $ 60.7 million on a cash-free and debt-free basis.” 10-K for 2025 | acquisition | May 1, 2024 | $ 60.7 million |
Vian Enterprises, Inc.Word for word“On January 2, 2024, the Company completed the acquisition of Vian Enterprises, Inc. (“Vian”).” 10-K for 2025 | acquisition | January 2, 2024 | — |
Baum lined piping GmbHWord for word“On October 4, 2023, the Company completed the acquisition of Baum lined piping GmbH (“BAUM”).” 10-K for 2025 | acquisition | October 4, 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2021-12-31 | $0 | $0 | — |
| 2022-12-31 | $0 | $318.1 million | — |
| 2023-12-31 | $90.5 million | $0 | $49.9 million |
| 2024-12-31 | $200.5 million | — | $96.5 million |
| 2025-12-31 | $200,000 | — | $200,000 |
Deal filings since 2016
- 2026-01-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2025-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-06-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-10-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-04-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2023-03-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Crane’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.