Crane Holdings

Crane Holdings to divest legacy asbestos liabilities

16th August 2022

Crane Holdings, Co. has announced that it has divested Redco Corporation - a wholly owned subsidiary that holds liabilities including asbestos liabilities and related insurance assets to Spruce Lake Liability Management Holdco LLC. The transaction indemnifies Crane for all legacy asbestos liabilities. At closing, Crane contributed approximately $550 million in cash to ... Read the full article