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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.