10:46 AM EST, 11/04/2024 (MT Newswires) -- Crane (CR) said Monday it has completed the $40.5 million acquisition of Technifab Products, a vacuum-insulated pipe and valve supplier for cryogenic applications.

The acquisition will become part of Crane's Process Flow Technologies segment, expanding its cryogenics offerings in semiconductor, medical, and pharmaceutical markets, the company said.

Crane shares rose 1.6% in recent trading.

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