• Tax-Free Spin-Off Creates Two Optimized, Technology-Driven Companies with Strong Financial Profiles and Operating Metrics
  • Payment and Merchandising Technologies Business to Become “Crane NXT”
  • Aerospace & Electronics and Process Flow Technologies Businesses to Retain Crane. Co Name
  • Separation Expected to be Completed Within Approximately 12 Months

Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced today that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment and capital allocation, accelerate growth, and unlock shareholder value. Upon completion, Crane Co.’s shareholders will benefit from ownership in two focused and simplified businesses that are both leaders in their respective industries and well-positioned for continued success