Massachusetts currency manufacturer sold for $800M

STAMFORD, Conn. — The Massachusetts company that for nearly 140 years has supplied the paper used to make U.S. currency has been sold for $800 million to a similarly named Connecticut company.

Stamford, Connecticut-based Crane Co. on Tuesday announced that it has agreed to buy 100 percent of the equity interests in Boston-based Crane & Co. Inc. — also known as Crane Currency — from private equity firm Lindsay Goldberg and shareholders including members of the Crane family.

Crane Co., founded in 1855, provides products in the hydrocarbon processing, petrochemical, power generation, aerospace and other markets.

Crane Currency, founded in 1801 in Dalton, Massachusetts, is a pioneer in micro-optic security technology and a supplier of secure banknotes for central banks worldwide. Although corporate headquarters are now in Boston, it maintains a facility in Dalton.

You may also interested in

Asian shares fall, tracking Wall St, drop in oil prices

Nov 15, 2017

Shares fall in Asia, tracking Wall Street, drop in crude oil prices

Senate consumer choice idea could raise premiums for sick

Jul 12, 2017

A proposal from Senate conservatives that would let health insurers sell skimpy policies provided they also offer a comprehensive plan is being billed as pro-consumer, allowing freedom of choice and potential savings

Asian shares fall in muted trading ahead of Thanksgiving

Nov 20, 2017

Asian shares are lower in muted trading ahead of the Thanksgiving holidays in the U.S.

People also read these

Asian shares fall, tracking Wall St, drop in oil prices

Nov 15, 2017

Shares fall in Asia, tracking Wall Street, drop in crude oil prices

Senate consumer choice idea could raise premiums for sick

Jul 12, 2017

A proposal from Senate conservatives that would let health insurers sell skimpy policies provided they also offer a comprehensive plan is being billed as pro-consumer, allowing freedom of choice and potential savings

Asian shares fall in muted trading ahead of Thanksgiving

Nov 20, 2017

Asian shares are lower in muted trading ahead of the Thanksgiving holidays in the U.S.

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH