Crane Co. said that its English subsidiary, Crane Limited, has purchased the pipe coupling and fittings businesses from Etex Group S.A., including the Victaulic, Viking Johnson, Helden and Wask branded products, for a purchase price of 17.3 million pounds sterling in cash and assumed debt.
The Institute for Supply Management said economic activity in the manufacturing sector failed to grow in June, while the overall economy expanded for the 20th consecutive month.