CR - Engineered Components Provider Crane Elevates Aerospace Presence With $103M Vian Enterprises Acquisition | Benzinga
Crane Company (NYSE: CR) disclosed the buyout of Vian Enterprises, Inc. for around $103 million on a cash-free and debt-free basis.
Vian designs and manufactures multi-stage lubrication pumps and lubrication system components technology for critical aerospace and defense applications with sole-sourced and proprietary content on the highest volume commercial and military aircraft platforms.
CR estimates that Vian had trailing 12-month sales of about $33 million and adjusted EBITDA of around $8 million, with an order backlog exceeding ...