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Crane to sell Engineered Materials business to KPS Capital for $227M

Crane to sell Engineered Materials business to KPS Capital for $227M

KPS Capital Partners announced that, through a newly formed affiliate, it has signed a definitive agreement to acquire the Engineered Materials business from Crane (CR) Company for an enterprise value of $227M. Completion of the transaction is expected in the first quarter of 2025 and is subject to customary closing conditions and approvals.

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