Crane (CR) announced that it completed the acquisition of Technifab Products for $40.5M on a cash-free and debt- free basis. Founded in 1992 by Noel Short, Technifab is headquartered in Brazil, Indiana. Through September, Technifab had trailing 12-month sales and adjusted EBITDA of approximately $20M and $4M, respectively. Technifab joins Crane as part of the company’s Process Flow Technologies, or PFT, segment.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.