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Crown Andersen acquires N.Y. firm
Peachtree City-based Crown Andersen, Inc. announced recently the purchase of
Syracuse-based Griffin Environmental Company, Inc. for $2.5
million in cash.
Crown Andersen is a supplier of engineered products and systems for environmental control
and waste processing. Griffin is a privately held
company that is a designer and manufacturer of
filtration products and reported net earnings of $302,833
on revenues of $5.9 million.
Griffin will be operated as a wholly-owned subsidiary of Crown Andersen. The Syracuse
company specializes in premium quality products of
stainless steels for food, high value and pharmaceutical
applications and in ultra heavy duty filtration products
for the cement, rock products and minerals
processing industries.
The Crown companies, with manufacturing facilities in the U.S. and Holland and licensee
manufacturing facilities in India and Japan, will open
up the European and Asian markets to Griffin.
Crown's worldwide sales and distribution network will greatly expand Griffin's potential
markets in the U.S. and in all of the
industrialized countries of the world.
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