Crane Co. (NYSE:CR) has acquired the issued and outstanding shares of Merrimac Industries, Inc. (AMEX:MRM) through a short term merger. The merger comes after the successful acquisition of over 90% of the issued and outstanding Merrimac shares. As of February 3, 2010, Merrimac is a direct, wholly owned subsidiary of Crane.
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Merrimac Industries, Inc. is engaged in the design and manufacture of active and passive radio frequency and microwave components, and integrated multifunction assemblies for use in commercial, military, and high reliability markets. It manufactures and sells 1,500 components and subsystems for signal processing systems in the frequency spectrum data center to 65 gigahertz. The company’s products are designed to process signals with wide bandwidths and small size and light weight.
Crane Co. (Crane) is a diversified manufacturer of engineered industrial products. The Company operates in five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. The Aerospace & Electronics segment consists of two groups: the Aerospace Group and the Electronics Group. The Engineered Materials segment consists of Crane Composites and Polyflon. The Merchandising Systems segment consists of two groups: Vending Solutions and Payment Solutions. The Fluid Handling segment consists of the Crane Valve Group (Valve Group), Crane Pumps & Systems and Crane Supply. The Controls segment consists of Barksdale, Dynalco, Azonix Crane Environmental and Crane Wireless Monitoring Solutions. In December 2008, the Company acquired Friedrich Krombach GmbH & Company KG Armaturenwerke and Krombach International GmbH. Krombach is a manufacturer of specialty valve flow solutions for the power, oil and gas, and chemical markets.
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