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IMAP advised the sale of BAUM lined piping to US-listed Crane Company

IMAP advised the sale managing shareholder of BAUM lined piping GmbH on the sale to the listed crane company as part of a succession solution.

IMAP advised Markus Baum, Managing Partner of BAUM lined piping GmbH (BAUM), Europe’s leading manufacturer of highly corrosion resistant piping products as part of his external succession planning to Crane Company (NYSE:CR). Through the acquisition of BAUM lined piping GmbH Crane Co continues its strategy of both organic and external growth.

Max Mitchell, Crane's President and CEO says: “Baum is a perfect addition to Process Flow Technologies' chemical business, significantly expanding the geographic and product breadth of our specialized lined pipe business that serves severe service applications in highly corrosive environments.”

Founded more than 30 years ago by Markus Baum’s father, BAUM lined piping GmbH developed from a small family business to what is now Europe’s leading company for the design, manufacture, and distribution of lined piping products for the chemical, pharmaceutical and semiconductor markets. In the recent past BAUM opened up an entirely new market segment supplying corrosion resistant piping products into the market for green hydrogen manufacturing processing plants, a segment expected to enjoy high growth rates in the future. BAUM employs a total of 220 staff at its headquarters and main production hub, Birkenfeld in Germany as well as in its group companies in the US, Romania, and China.

Crane Company (NYSE:CR) has delivered innovative, technology-led solutions for customers since its founding in 1855. Today, Crane is a leading manufacturer of highly engineered components for challenging, mission-critical applications focused on the aerospace, defense, and process industry end markets. The Company is comprised of two strategic growth platforms, Aerospace & Electronics and Process Flow Technologies, as well as the Engineered Materials segment. Crane has approximately 7,000 employees in the Americas, Europe, the Middle East, Asia, and Australia.

Mr. Markus Baum says: “The IMAP-Team led by Mr. Burkhard Weber did a terrific job in guiding me and the entire BAUM leadership team through an international sale process comprising strategic and financial buyers. I am convinced that partnering with Crane Co is the ideal set-up for further developing BAUM as part of a larger group, that is also willing to support the future growth of the business by committing capital resources, when needed, to also capture more and more business from the strongly growing green energy production markets.”

The IMAP team consisting of Dr. Burkhard Weber, Ulrich Keesen and Olja Schmitt exclusively advised Markus Baum, the managing shareholder of BAUM lined piping GmbH, Birkenfeld in a structured M&A process through all phases until successful closing.

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