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Crawford United adds two companies to its portfolio


Crawford United adds two companies to its portfolio
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Industrial holding company Crawford United Corp. in Cleveland has acquired two businesses that expand the company s presence in aerospace and defense.
Crawford bought Global-Tek Manufacturing in Ceiba, Puerto Rico, and Machining Technology in Longmont, Colo. Terms of the deals were not included in the news release, and messages to the company were not immediately returned. The release said the acquisitions were expected to add about $8 million in annualized revenue to the company.
Global-Tek and Machining Technology are strategically important to our growing presence in the aerospace and defense markets, Crawford CEO Brian Powers said in the release. These acquisitions will expand our offerings and diversify our customer base in this important market segment. ....

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Crawford United Corporation Acquires Global-Tek Manufacturing and Machining Technology


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Crawford United Corporation Acquires Global-Tek Manufacturing and Machining Technology
Crawford United CorporationMarch 2, 2021 GMT
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.  The acquired businesses provide customers in the defense, aerospace, and medical device markets with highly engineered manufacturing solutions, including CNC machining, die casting, anodizing, electro polishing, and laser marking. 
“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.  “These acquisitions will expand our offerings and diversify our customer base in this important marke ....

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