Crane Co. and its subsidiaries are a manufacturer of engineered industrial products. The Company consists of five segments: Aerospace & Electronics, Engineered Materials, Merchandising Systems, Fluid Handling and Controls. Aerospace & Electronics segment supplies components and systems, including original equipment and aftermarket parts, for both the commercial and military aerospace industries. Engineered Materials segment consists of the Crane Composites fiberglass-reinforced plastic panel business. Merchandising Systems segment is divided into two businesses, Vending Solutions and Payment Solutions. Fluid Handling segment is a provider of engineered fluid handling equipment, such as valves, lined pipe and pumps. The Company acquired Money Controls and Merrimac in December 2010 and February 2010 respectively. In July 2010, it sold Wireless Monitoring Systems (WMS) to Textron Systems. In July 2011, the Company acquired W. T. Armatur GmbH & Co.