Crane completed the acquisition of instrumentation & sampling business of CIRCOR for $172m.

Crane, an American industrial products company, completed the acquisition of instrumentation & sampling business of CIRCOR, an industrial valve manufacturing company, for $172m. “During the past 12 months, we have completed over $340m of non-core asset sales, allowing us to significantly reduce debt. These asset sales, coupled with our strategic shift away from upstream oil & gas, position CIRCOR for continued success and advance our strategy to simplify the Company, sharpen our focus on core mission-critical flow control platforms, and further reduce leverage,” Scott Buckhout, CIRCOR President & Chief Executive Officer.