M&A Deal Summary

Crane Acquires Xomox

On May 29, 2001, Crane acquired manufacturer Xomox from Emerson for 145M USD

Acquisition Highlights
  • This is Crane’s 2nd transaction in the Manufacturing sector.
  • This is Crane’s 3rd largest (disclosed) transaction.
  • This is Crane’s 10th transaction in the United States.
  • This is Crane’s 2nd transaction in Ohio.

M&A Deal Summary
Date 2001-05-29
Target Xomox
Sector Manufacturing
Buyer(s) Crane
Sellers(s) Emerson
Deal Type Divestiture
Deal Value 145M USD

Target

Xomox

Cincinnati, Ohio, United States
Xomox supplies high-end application driven sleeved plug valves, lined valves, high performance butterfly valves, and actuators to the chemical, petrochemical, pharmaceutical and other process industries. Xomox has major manufacturing facilities in Cincinnati, Ohio; Chihuahua, Mexico; Lindau, Germany; and Szekesfehervar, Hungary and operates 22 service centers in the Americas, Europe and Asia.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Crane

Stamford, Connecticut, United States
Category Company
Founded 1855
Sector Machinery
Employees7,000
Revenue 2.1B USD (2023)
DESCRIPTION

Crane is a diversified manufacturer of highly engineered industrial products. Crane provides products and solutions to customers in the aerospace, electronics, hydrocarbon processing, petrochemical, chemical, power generation, automated merchandising, transportation and other markets. Crane was Incorporated in 1855 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 11 of 26
Sector (Manufacturing) 2 of 8
Type (Divestiture) 4 of 7
State (Ohio) 2 of 2
Country (United States) 10 of 18
Year (2001) 1 of 2
Size (of disclosed) 3 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-20 Industrial Flow Group of Alfa Laval

United States

Industrial Flow Group of Alfa Laval engages in the manufacturing of Saunders brand of diaphragm valves manufactured in the UK and India, and the DEPA brand of air operated diaphragm pumps manufactured in Germany.

Buy $47M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-01 AeroHose

Lantana, Florida, United States

AeroHose,Inc. the aerospace hose assembly and end fitting component business. Company is a supplier of Teflon braided high pressure hose assemblies utilized in both commercial and military aircraft as well as ground support systems.

Buy -

Seller(S) 1

SELLER

Emerson

St. Louis, Missouri, United States
Category Company
Founded 1890
Sector Diversified
Employees67,000
Revenue 15.2B USD (2023)
DESCRIPTION
Emerson Electric's corporate headquarters in St. Louis, Missouri.
Emerson Electric's corporate headquarters in St. Louis, Missouri.

Emerson is a diversified manufacturing and technology company. Emerson offers a wide range of products and services in the industrial, commercial, and consumer markets through its Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions businesses. Emerson was founded in 1890 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 2 of 26
Sector (Manufacturing) 1 of 4
Type (Divestiture) 1 of 25
State (Ohio) 1 of 4
Country (United States) 1 of 23
Year (2001) 1 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-01-01 Knaack

Crystal Lake, Illinois, United States

Knaack is a manufacturer of jobsite storage equipment, including storage chests, workstations, rolling workbenches and hand tool boxes marketed under the KNAACK® brand. The Company also markets a complete line of truck and van equipment, including drawer units, shelving and cabinets, and racks for full size and compact pickups, vans and utility vehicles, under the WEATHER GUARD® brand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-12 Chromalox

Pittsburgh, Pennsylvania, United States

Chromalox, Inc. is a provider of electrical products, systems and solutions for industrial process heating and temperature management. Chromalox, Inc. was founded in 1915 and is based in Pittsburgh, Pennsylvania.

Sell $165M
Mergr

Product

Company

Legal