Crane Co was founded in 1855. It is a diversified manufacturer of engineered industrial products. The Company's primary markets are aerospace, defense electronics, non-residential construction, recreational vehicle (RV), transportation, automated payment and merchandising, chemical, pharmaceutical, oil, gas, power, nuclear, building services and utilities. The Company uses set of business processes and operational excellence tools called the Crane Business System to drive continuous improvement throughout businesses. Its operating business segments are Fluid Handling, Payment & Merchandising Technologies, Aerospace & Electronics and Engineered Materials. The Fluid Handling segment provides engineered fluid handling equipment for critical performance applications that require high reliability. The segment is comprised of Process Valves and Related Products, Commercial Valves, and Other Products. Products are sold under the trade names Crane, Saunders, Jenkins, Pacific, Xomox, Krombach, DEPA, ELRO, REVO, Flowseal, Centerline, Resistoflex, Duochek, Barksdale, and WTA. The Payment & Merchandising Technologies segment is comprised of Crane Payment Innovations (CPI) and Merchandising Systems. The CPI provides payment acceptance products that improve the company's customers' productivity in numerous global markets including retail self-checkout, vending, casino gaming, government lotteries, parking, transit fare collection, payment kiosks, and banking. Products for these markets include coin acceptors and dispensers, coin hoppers, coin recyclers, bill validators, bill recyclers, and cashless systems. Merchandising Systems is engaged in designing and manufacturing of vending equipment and related solutions. Products include a full line of vending equipment that dispenses food, snack, and hot and cold beverages. The Aerospace & Electronics segment supplies critical components and systems, including original equipment and aftermarket parts, primarily for the commercial aerospace and military aerospace and defense markets. Brands include Hydro-Aire, ELDEC, Lear Romec, P.L. Porter, Keltec, Interpoint, Signal Technology, Merrimac Industries, and Polyflon. The products include a range of custom designed, engineered products used in landing systems, sensing and utility systems, fluid management, seat actuation, power and microelectronic applications, and microwave systems. The Engineered Materials segment manufactures fiberglass-reinforced plastic (FRP) panels and coils, primarily for use in the manufacturing of recreational vehicles ("RV"s), truck bodies, truck trailers, with additional applications in commercial and industrial buildings. Engineered Materials sells its products directly to RV, trailer, and truck manufacturers, and it uses distributors and retailers to serve the commercial and industrial construction markets.