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Crane Co. Divests CorTec Unit

  • Thursday, 3rd October 2002
  • Reading time: less than a minute

Crane Co. has sold its CorTec unit to FiberTech of Ohio, Inc. for approximately $3 million, roughly book value. CorTec manufactures fiberglass reinforced plastic plywood panels primarily for use in truck and trailer sidewalls. No further details were disclosed.

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