Crane Announces the Acquisition of CRYOWORKS Inc.
THE WOODLANDS, TEXAS (May 1, 2024)
Crane (NYSE CR) a manufacturer of highly engineered industrial products, announced the acquisition of CryoWorks Inc., to strengthen Crane’s range of energy transition and cryogenic portfolio.
Founded in Jurupa Valley, CA, in 2009, CryoWorks is a premier provider of vacuum jacketed pipe, serving growing industries, like space launch services, alternative energy, and demanding cryogenic applications. With its strong presence in key Cryogenics & Hydrogen markets, CryoWorks aligns perfectly with Crane.
Additional photos and a video from the event are available on Crane CP&E LinkedIn pages.
For more information on CryoWorks, please visit CryoWorks Inc.
About Crane ChemPharma & Energy
Crane ChemPharma & Energy (within Crane’s Process Flow Technologies segment) designs and manufactures a variety of high-performance products, including valves, pipes, actuation and fittings to name a few. Their trusted brands ALOYCO®, BAUM®, CENTER LINE®, COMPAC-NOZ®, CRANE®, CRANE CRYOFLO®, CRYOWORKS®, DEPA® & ELRO®, DOPAK®, DUO-CHEK®, FLOWSEAL®, GYROLOK®, GO REGULATOR®, HOKE®, JENKINS®, KROMBACH®, NOZ-CHEK®, PACIFIC VALVES®, RESISTOFLEX®, REVO®, SAUNDERS®, STOCKHAM®, TEXAS SAMPLING®, TRIANGLE®, UNI-CHEK®, VALVES®, WESTLOCK CONTROLS®, WTA®, and XOMOX® offer customers a complete and innovative portfolio, designed for the most demanding chemical processing, biotechnology, pharmaceutical, oil and gas, refining, power generation, and energy transition applications. For more information please explore our site.
About Crane Company
Crane Company has delivered innovation and technology-led solutions to its customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, space and process flow industry 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.
Process Flow Technologies
Crane’s Process Flow Technologies segment is a global provider of highly engineered products and systems, serving chemical, petrochemical, pharmaceutical, water and wastewater, and general industrial markets. With proprietary technology and differentiated designs, we are Solving Customers’ Toughest Challenges in many of the harshest and most hazardous environments.