One could say that Crane got lucky with timing, as he was able to take advantage of America’s growing industrialization. But industrialization and technology are fickle. Just as one technology is perfected, a better one is created. But more than luck, Crane Co. management has always carefully monitored emerging technologies and trends to stay on top of its game. Crane established one of the first metallurgical laboratories in 1890s, and built one of the first major factories run by electricity in the 1920s.
It’s not hard to see how Crane stood the test of time. The company continues to prosper because of its highly diverse business segments – fluid handling, aerospace and electronics, engineered materials, and merchandising systems. These segments are essential in running this modern society, and Crane has them all.