Crawford United Corporation Acquires International-Tek Production and Machining Know-how Other OTC:CRAWA
CLEVELAND, March 02, 2021 (Globe NEWSWIRE) — Crawford United Corporation (OTC: CRAWA) currently declared the order of Worldwide-Tek Producing in Ceiba, Puerto Rico and Machining Technological know-how in Longmont, Colorado effective March 1, 2021. The acquired corporations deliver buyers in the protection, aerospace, and healthcare device marketplaces with remarkably engineered producing alternatives, which includes CNC machining, die casting, anodizing, electro sprucing, and laser marking.
“Global-Tek and Machining Technology are strategically important to our increasing existence in the aerospace and defense markets,” stated Brian Powers, CEO of Crawford United. “These acquisitions will expand our choices and diversify our buyer foundation in this crucial market section,” he additional.
The acquisitions are predicted to add somewhere around $8 million in annualized revenue to Crawford United and be instantly accretive to earnings.
About Crawford United Company. Crawford United Company is a development-oriented holding organization giving specialty industrial solutions to assorted marketplaces, which include healthcare, aerospace, education and learning, transportation, and petrochemical. For much more information and facts, go to www.crawfordunited.com.
Details about Ahead Wanting Statements. This press release consists of forward-seeking statements within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, which include statements built about the company’s foreseeable future effects. Normally, these statements can be determined by the use of phrases this kind of as “guidance,” “outlook,” “believes,” “estimates,” “anticipates,” “expects,” “forecasts,” “seeks,” “projects,” “intends,” “plans,” “may,” “will,” “should,” “could,” “would” and equivalent expressions supposed to recognize ahead-looking statements, despite the fact that not all forward-looking statements include these identifying phrases. Real effects and activities could differ appreciably from individuals predicted as a final result of risks and uncertainties, including deterioration of or instability in the economy, the marketplaces the Firm serves and the monetary markets, developments and uncertainties in U.S. rules and plan, decreased availability or elevated costs of products applied in making the Company’s products, contractions or development premiums and seasonality or cyclicality of marketplaces the Organization serves, levels of competition, reduction of any vital shopper, the Company’s potential to successfully combine the corporations it acquires and attain the predicted gains of these types of acquisitions (which include the anticipated addition of annualized income from the Worldwide-Tek and Machining Engineering acquisitions), the effects of divestitures and tendencies, the influence of the Company’s financial debt obligations on its operations and liquidity, as properly as the hazards explained from time to time in the company’s reports as submitted with the Securities and Trade Commission. Additional facts on potential factors that could have an effect on the financial effects of the Enterprise and its forward-seeking statements is included in its most latest Kind 10-K and subsequent filings with the Securities and Trade Commission. The Enterprise assumes no obligation to update any forward-seeking statement, other than as might be necessary by law. These ahead-searching statements converse only as of the date of this launch. All ahead-seeking statements are certified in their entirety by this cautionary assertion.
Brian E. Powers
Chairman & CEO
216-243-2449
[email protected]
“Crawford United has a excellent long term driving it.”
Contact: Brian E. Powers, Chairman and Chief Executive Officer CRAWFORD UNITED Corporation 10514 Dupont Avenue, Suite 200 Cleveland, Ohio 44108 216-243-2449