Press Release

• $200,000 in 2023
• 54 Organizations That Provide Direct Assistance to Underserved in the Communities

CHANNAHON, IL, July 26th, 2023 – Crane Composites, a subsidiary of Crane Company, recently presented 54 local charitable organizations with donations from the Crane Fund for Widows and Children as part of their long-standing and valued tradition of supporting local communities. Each year, Crane Composites sponsors donations to organizations from our associates’ input which provide support to the local communities we have locations including Channahon IL, Bolingbrook IL, Goshen IN, Florence KY, and Jonesboro AR.

“Being involved in the communities where we live and work, and supporting those in need, is an essential part of how we do business,” said John O’Sullivan, President. “We have the opportunity to make a difference in the lives of those who need it most. That’s a legacy that has been part of our company for many years and extends into everything we do – from developing innovative, quality products to inspiring future generations and providing a helping hand when needed.”

Crane Company has a rich history and legacy of over 100 years of charitable giving through three company-administered charitable entities: The Crane Fund, The Crane Fund for Widows and Children, and the Crane Foundation. The Crane Fund for Widows and Children makes contributions to charitable organizations that provide direct assistance to underserved populations in the communities where Crane Company operates. This fund touches the lives of many through its donations to local organizations, global relief agencies, and school and scholarship funds in the United States and Canada.

About Crane Composites
Crane Composites Inc., a subsidiary of Crane Company, is the world’s leading provider of fiber-reinforced composite panels. We combine our expertise in composite material science, process and technology with a deep understanding of customer needs to deliver innovative products that outperform traditional metals and woods. Our lightweight composite products deliver unsurpassed strength and durability. Since 1954, we have continued to pioneer numerous patented technologies for industrial and commercial product applications. We’ve built a proven reputation for industry leadership by partnering with customers and suppliers to deliver advanced, industry-leading solutions. Follow Crane Composites on Facebook, Twitter, and LinkedIn.

Crane Company has delivered innovation and technology-led solutions for customers since its founding in 1855. Crane Company is traded on the New York Stock Exchange (NYSE:CR).

Contact: Kate Brown | Marketing Lead & Project Manager | kbrown@cranecomposites.com | 815.467.8637

CHANNAHON, IL, April 25, 2023 – On March 31, 2023, severe thunderstorms tore through the U.S. Midwest and Mid-South where they spawned dozens of tornadoes across seven states. Some of the hardest-hit areas were in Arkansas, including the town of Wynne. Although Crane Composites’ facility in Jonesboro, Arkansas has not been affected, the Southeast Missouri & Northeast Arkansas Chapter of the American Red Cross reported that since the storm, they have provided over 75,000 meals, distributed over 5,000 clean-up kits and had 800 volunteers working to assist in the communities impacted across the South.

Jonesboro and the surrounding communities mean a lot to the Crane family. As such, The Crane Charitable Funds has provided a generous donation to the American Red Cross to help support the communities during its recovery.

Thank you to the American Red Cross for your support during this difficult time.

About Crane Composites
Crane Composites Inc., a subsidiary of Crane Company, is the world’s leading provider of fiber-reinforced composite panels. We combine our expertise in composite material science, process and technology with a deep understanding of customer needs to deliver innovative products that outperform traditional metals and woods. Our lightweight composite products deliver unsurpassed strength and durability. Since 1954, we have continued to pioneer numerous patented technologies for industrial and commercial product applications. We’ve built a proven reputation for industry leadership by partnering with customers and suppliers to deliver advanced, industry-leading solutions. Follow Crane Composites on Facebook, Twitter, and LinkedIn.

Crane Company is a manufacturer of highly engineered industrial products. Crane Company is traded on the New York Stock Exchange (NYSE:CR).

Contact: Kate Brown | Marketing Lead & Project Manager | kbrown@cranecomposites.com | 815.467.8637

CHANNAHON, IL, April 19, 2023 – Crane Composites is pleased to announce that their Jonesboro, AR facility has received the GOLD status achievement award within OSHA’s Safety and Health Achievement Recognition Program (SHARP). SHARP is designed to recognize employers for OSHA standards compliance and their exemplary safety and health management systems. In Arkansas, GOLD status requires three or less recordable injuries over a 4-year period, scoring the highest rating on 80% of the OSHA Safety and Health Program Assessment Worksheet, no more than two lost or restricted days, and safety mentorship to at least 3 companies.

Mike Ridge, Vice President of Operations, commented: “At Crane Composites, we have a strong commitment to protect the health and safety of our associates, visitors, and vendors. Our objective is to create an injury-free workplace, and this starts with our ‘Safety-First’ culture. We are very proud of our Jonesboro associates and their focus and dedication on safe work practices at the site.”
About

About Crane Composites
Crane Composites Inc., a subsidiary of Crane Company, is the world’s leading provider of fiber-reinforced composite panels. We combine our expertise in composite material science, process and technology with a deep understanding of customer needs to deliver innovative products that outperform traditional metals and woods. Our lightweight composite products deliver unsurpassed strength and durability. Since 1954, we have continued to pioneer numerous patented technologies for industrial and commercial product applications. We’ve built a proven reputation for industry leadership by partnering with customers and suppliers to deliver advanced, industry-leading solutions. Follow Crane Composites on Facebook, Twitter, and LinkedIn.

Crane Company is a manufacturer of highly engineered industrial products. Crane Company is traded on the New York Stock Exchange (NYSE:CR).

Contact: Kate Brown | Marketing Lead & Project Manager | kbrown@cranecomposites.com | 815.467.8637

STAMFORD, Conn.–(BUSINESS WIRE)– Crane Company (“Crane,” NYSE: CR), a manufacturer of highly engineered industrial products, today announced the completion of its separation from Crane Holdings, Co., and its launch as an independent, publicly traded company. Crane will begin trading on the New York Stock Exchange on April 4, 2023 under the ticker “CR.”

Crane’s President and CEO, Max Mitchell, said: “Today marks another important milestone in Crane’s history. For decades, we have delivered consistent and differentiated execution, strengthening our business through organic growth and value-creating acquisitions. Now that the separation is complete, Crane Company is a simpler and more focused business, better positioned to tailor investment and capital allocation strategies to its two strategic growth platforms and to attract an investor base fully aligned with its strong growth and financial profile.”

To celebrate the completion of the separation transaction and first day of trading as an independent publicly traded company, Mr. Mitchell and the Crane leadership team will ring the New York Stock Exchange’s Opening Bell® at 9:30am ET on April 4, 2023.

About Crane Company

Crane Company is a manufacturer of highly engineered industrial products. Founded in 1855, Crane provides products and solutions to customers in the aerospace, defense and space, chemical and petrochemical, water and wastewater, pharmaceutical, and general industrial end markets. The Company is comprised of two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies, as well as the Engineered Materials segment. Crane has approximately 7,000 employees in the Americas, Europe, the Middle East, Asia and Australia. For more information, visit www.craneco.com.

Newmar recognized several suppliers and individual contributors for their supply chain performance for 2021 at its recent annual banquet held at the Samluung Platz Event Center in its hometown of Nappanee, Ind.

Crane Composites was recognized as Newmar’s Top Ten Supplier and our Customer Service Lead, Julie Cortese, received a Customer Service Award.

• 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

STAMFORD, Conn.–(BUSINESS WIRE)– 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

STAMFORD, Conn.–(BUSINESS WIRE)– The Crane Foundation, Inc., a private charitable entity administered by members of Crane Co.’s leadership, recently donated $215,000 to support the Richard T. Crane Medical Preparatory High School (RTC) and Project H.O.O.D. — two Chicago-based organizations aimed at providing underserved youth and adults with the vocational skills and tools necessary to obtain upward mobility and strong career opportunities.

Such acts are not uncommon for Crane Co. In fact, giving back has become a hallmark of the company’s storied philanthropic platform, which for more than 150 years has sought to honor the legacy of founder R.T. Crane, his commitment to corporate citizenship, his belief in accessible education for all, and the company’s long-standing gratitude for its Chicago origins.

Crane Composites, Inc. is aware of the international FRP adhesive shortage impacting projects across the building products market. To assist our Glasbord® and Sequentia® FRP customers with installations during this challenging time, we have identified a variety of alternative adhesive products – in addition to our recommended Fast Grab & Advanced Polymer formulations.

click below for evaluated suppliers and products

CHANNAHON, IL, April 1, 2021 –In late February and into early March, heavy snow and rain affected several counties in Kentucky. This led to major flooding and numerous mudslides that created a state of emergency in the state of Kentucky. Although Crane Composites’ facility in Florence, Kentucky has not been affected, the Bluegrass Area Chapter of the American Red Cross reported that more than 300 people stayed in emergency lodging and over 3,200 meals were served during this time while more than 700 homes suffered major damage or were destroyed.

Florence and the surrounding community as a whole mean a lot to the entire Crane family. As such, the Crane Fund has provided a generous donation to the American Red Cross in order to help support the community during its recovery. Thank you to the American Red Cross during this difficult time.

Crane Composites Inc., a subsidiary of Crane Co., is the world’s leading provider of fiber-reinforced composite panels. We combine our expertise in composite material science, process and technology with a deep understanding of customer needs to deliver innovative products that outperform traditional metals and woods. Our lightweight composite products deliver unsurpassed strength and durability. Since 1954, we have continued to pioneer numerous patented technologies for industrial and commercial product applications. We’ve built a proven reputation for industry leadership by partnering with customers and suppliers to deliver advanced, industry-leading solutions. Follow Crane Composites on Facebook, Twitter, and LinkedIn.

Crane Co. is a diversified manufacturer of highly engineered industrial products. Crane Co. is traded on the New York Stock Exchange (NYSE:CR).

Contact: Kate Brown | Marketing Lead & Project Manager | kbrown@cranecomposites.com | 815.467.8637

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