Crane Co. (CR, Financial) (2.1%) (CR – $80.63 – NYSE) based in Stamford, Connecticut, is a diversified manufacturer of highly engineered industrial products comprised of four business segments: Fluid handling, Aerospace & Electronics, Engineered Materials, and Payments & Merchandising Systems with over 11,000 employees across 26 countries. The company recently acquired Crane Currency, a producer of currency products for more than 200 years and is entrusted by more than 50 central banks to play an integral role in the design and manufacture of their nations’ banknotes. Crane Currency is the fastest growing fully integrated global currency provider and is an excellent complement to Crane Co.’s expanding presence in the currency and payment markets.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Value 25 Fund third-quarter 2019 commentary.
