Aerospace and electronics and engineered materials segment sales increased.
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Only one of four segments saw a sales increase during the quarter.
Of Cranes four business segments, sales declined in aerospace and electronics and merchandising systems.
Max Mitchell, current COO, will succeed CEO Eric Fast.
The Aerospace & Electronics and Fluid Handling segments saw declines.
Declines in Fluid Handling and Controls were offset by strong results in three other segments.
Crane to acquire MEI Conlux Holdings (U.S.), Inc. and its affiliate MEI Conlux Holdings (Japan), Inc.