Crane Company Acquires Technifab Products for $40.5M
November 6, 2024
Crane Company (NYSE:CR) completed the acquisition of Technifab Products, Inc., a Brazil, Indiana–based manufacturer of vacuum‑insulated pipe systems and cryogenic valves, for $40.5 million on a cash‑free, debt‑free basis. Technifab will join Crane's Process Flow Technologies segment, extending Crane's cryogenics capabilities into high‑growth semiconductor, medical and pharmaceutical end markets and expanding the company's geographic footprint.
- Buyers
- Crane Company
- Targets
- Technifab Products, Inc.
- Sellers
- Short family, Noel Short
- Industry
- Manufacturing
- Location
- Indiana, United States
- Transaction Type
- Buyout
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