Crane Co. CR announced today that it has purchased all the equity
interests in W. T. Armatur GmbH & Co. KG. WTA is primarily a manufacturer of
bellows sealed globe valves, as well as certain types of specialty valves, for
chemical, fertilizer and thermal oil applications.
The purchase price was
approximately $38 million on a cash and debt free basis.
Located in Maxdorf,
Germany, WTA employs 95 people. WTA's 2010 sales of approximately $21 million
were primarily to customers in Germany and surrounding countries.
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