John Crane cranks up Orion deal

John Crane, a Berkshire-based manufacturer of seals and associated products, has acquired Orion Corporation, a US-based manufacturer of hydrodynamic bearings for energy and general industrial markets. The terms of the deal were not disclosed. 


John Crane, a Berkshire-based manufacturer of seals and associated products, has acquired Orion Corporation, a US-based manufacturer of hydrodynamic bearings for energy and general industrial markets. The terms of the deal were not disclosed. 

John Crane, a Berkshire-based manufacturer of seals and associated products, has acquired Orion Corporation, a US-based manufacturer of hydrodynamic bearings for energy and general industrial markets. The terms of the deal were not disclosed.

John Crane is a division of global technology business Smiths Group, and the acquisition complements the company’s bearing technology business.

Paul Cox, president of John Crane, said: “The integration of Orion will build critical mass in our hydrodynamic bearing business and will add a manufacturing, sales and service base in North America to supplement our existing operations in Europe.”
 
John Crane reported an upsurge in revenues of 19 per cent to £1.3 billion, with an increase in pre-tax profits of 17 per cent to £167 million.
 

Nick Britton

Nick Britton

Nick was the Managing Editor for growthbusiness.co.uk when it was owned by Vitesse Media, before moving on to become Head of Investment Group and Editor at What Investment and thence to Head of Intermediary...

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