May 27, 2022
Crane Co. has abandoned a plan to unload its engineered materials business in a $360 million deal with construction supply manufacturer Grupo Verzatec ahead of a broader restructuring about two months after the U.S. Department of Justice sued to block the transaction.
March 17, 2022
The U.S. Department of Justice is asking an Illinois federal court to step in and block construction supply manufacturer Verzatec's "brazen attempt to eliminate a rival" by buying out its biggest competitor in the fiberglass wall panel business.