Crawford United Corporation Acquires Global-Tek Manufacturing and Machining Technology
Retrieved on:
Tuesday, March 2, 2021
CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.
Key Points:
- CLEVELAND, March 02, 2021 (GLOBE NEWSWIRE) -- Crawford United Corporation (OTC: CRAWA) today announced the purchase of Global-Tek Manufacturing in Ceiba, Puerto Rico and Machining Technology in Longmont, Colorado effective March 1, 2021.
- Global-Tek and Machining Technology are strategically important to our growing presence in the aerospace and defense markets, said Brian Powers, CEO of Crawford United.
- The acquisitions are expected to add approximately $8 million in annualized revenue to Crawford United and be immediately accretive to earnings.
- Crawford United Corporation is a growth-oriented holding company providing specialty industrial products to diverse markets, including healthcare, aerospace, education, transportation, and petrochemical.