Graco acquisition history

Gusmer is a leading designer and manufacturer of specialized two-component dispense equipment systems and replacement parts. Its systems handle multiple-component formulations such as polyesters, polyureas, polyurethanes and epoxies used in construction, transportation and marine applications. Gusmer Corporation is based in Lakewood, New Jersey; Gusmer Europe S.L. is based in Vilanova, Spain. Both were purchased from affiliates of PMC Global, Inc. of Sun Valley, California. $65 million ($45M for Gusmer Corporation + $20M for Gusmer Europe).

Gusmer is a well respected company that we have been interested in acquiring for several years. The company is recognized for its plural component dispensing equipment used in the construction, transportation and marine industries to apply insulation, protective coating, sealant and anti-corrosive materials. Founded in 1961, Gusmer has a strong quality brand reputation in its markets.David Roberts — President and CEO, Graco Inc.

Acquisition of the operations of the liquid and powder finishing businesses of Illinois Tool Works Inc. The businesses manufacture and distribute equipment for industrial liquid finishing, powder coating and automotive refinishing worldwide, with 2010 revenues of $305 million and significant operations in the US, Switzerland, UK, Japan, Brazil and Mexico. Powder finishing centers on Gema; liquid finishing includes Binks industrial pumping, DeVilbiss spray guns, Ransburg electrostatic equipment and BGK curing technology. Under an FTC order at close, the Liquid Finishing businesses were held separate and later divested; Graco retained the Powder Finishing (Gema) business.

This acquisition is an excellent strategic fit with Graco's Industrial segment. It will advance all of our stated core growth strategies: new products and technology, geographic expansion, and new markets. We gain a leading position in industrial powder paint equipment — a growing global market where we have no offering today.Pat McHale — President and CEO, Graco Inc.

Alco Valves Group is a United Kingdom-based manufacturer of high quality, high pressure valves used in Oil & Natural Gas and other industrial processes. Established in 1977, Alco offers brands including Alco Hi-Tek, Alco Valves, Alco Sub-Tek and Alco Process, and has global relationships with Oil & Natural Gas customers. Graco acquired Alco via its subsidiary Graco International Holdings SARL by purchasing the shares of Xamol Limited.

Gaining additional exposure to the Oil & Natural Gas industry is a logical extension for Graco and a strategically important initiative that will support our long-term sales and profit goals. Alco manufactures a comprehensive range of technically advanced high integrity valve products, a strong fit with Graco's core competencies of designing and manufacturing advanced flow control technologies.Patrick J. McHale — President and CEO, Graco Inc.

Headquartered in Erie, PA, HiP designs and manufactures valves, fittings and other flow control equipment engineered to perform in ultra-high pressure environments, from 10,000 to 150,000 psi. HiP's products are used on high-value assets in industrial applications including Oil & Natural Gas infrastructure, the waterjet cutting and cleaning industry, and industrial research programs. HiP also maintains an engineering and production base in Stoke-on-Trent, Staffordshire, UK. Agreed via purchase and sale agreement dated December 31, 2014 by Graco Inc. and Graco Fluid Handling (C) Inc.

The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.Patrick J. McHale — President and CEO, Graco Inc.

Headquartered in Kamas, UT, White Knight Fluid Handling manufactures air-operated double-bellows pumps, air-operated double-diaphragm pumps and metering pumps. Its high-purity, metal-free pumps deliver, circulate, reclaim and transport chemical fluids and slurries used in producing semiconductors, solar panels, LED flat panel displays and other electronics, with applications including dosing, spiking, photoresist, etching, cleaning and blending. part of combined ~$185 million for four businesses (with additional earn-out consideration).

The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.Patrick J. McHale — President and CEO, Graco Inc.

Based in Dunnville, Ontario, GeoBlaster manufactures wet abrasive blasting equipment for coating removal and surface preparation. The acquisition augments Graco's existing protective coating channel. Graco acquired the assets of GeoBlaster in December 2014. part of combined ~$185 million for four businesses.

The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.Patrick J. McHale — President and CEO, Graco Inc.

Headquartered in Porto Alegre, Brazil, Multimaq manufactures and distributes finishing products serving the metal, wood and leather industries and is a respected brand in the Brazilian market. Graco closed the acquisition in December 2014. part of combined ~$185 million for four businesses.

The acquisitions we are announcing today support our strategic growth plans to expand into new markets and geographies, while diversifying our portfolio of precision products for critical applications.Patrick J. McHale — President and CEO, Graco Inc.

In January 2016, Graco paid $48 million cash to acquire two related companies that manufacture and sell portable and fixed gas analyzers for landfill, biogas and medical applications and landfill gas wellhead equipment. The acquisitions enhance and complement Graco's position in environmental monitoring and remediation markets served by its Process segment. Purchase price allocation included $28 million of goodwill, $24 million of other identifiable intangible assets and $4 million of other net liabilities. The companies are not individually named in Graco's SEC filings.

In January 2016, the Company paid $48 million cash to acquire two related companies that manufacture and sell portable and fixed gas analyzers for landfill, biogas and medical applications and landfill gas wellhead equipment. The acquisitions enhance and complement the Company's position in environmental monitoring and remediation markets served by its Process segment.Graco FY2018 10-K — Acquisitions note

Corob S.p.A. is a global leader in the design and manufacturing of high-performance volumetric and gravimetric dispense, mixing, and shaking equipment used in mission-critical tinting applications for paints and coatings. Corob had revenue of €110 million in 2023, more than 600 employees worldwide, and is headquartered in Italy with additional manufacturing operations in India and Canada. Contingent consideration of up to €30 million is tied to revenue performance over two twelve-month periods (capped at €15.0 million per period); the first period did not trigger an earn-out. €230 million in cash (≈$276 million paid), plus up to €30 million contingent consideration.

The addition of Corob to our portfolio builds on our strong global position in the growing paint and coating machinery manufacturing category within our Contractor segment. This acquisition advances our key strategies of global growth and expanding into new and adjacent markets. Like Graco, Corob has a demonstrated track record of achieving consistent growth in markets around the world through innovation as well as quality and service.Mark Sheahan — President and CEO, Graco Inc.

The completion of this acquisition will bolster our existing presence in the growing paint and coating equipment manufacturing category to benefit both new and existing Graco customers. Corob brings valuable technology and innovation to Graco, and we will leverage the complementary strengths of our two companies to drive growth and expand our global manufacturing footprint.Mark Sheahan — President and CEO, Graco Inc. (completion release, Nov 4, 2024)

Color Service s.r.l. is a global leader in automated dosing systems for powder and liquid applications, serving industries including textiles, rubber, cosmetics, plastics and food. Color Service had revenue of €34 million in 2024, approximately 140 employees worldwide, and is headquartered in Italy. Graco's FY2025 10-K records the acquisition at approximately $77 million of purchase consideration, with results included in the Powder Division of the Industrial segment. €63 million (≈$77 million purchase consideration).

In the third quarter of 2025, the Company completed the acquisition of Color Service s.r.l for approximately $77 million of purchase consideration, and its results have been included within the Powder Division in the Industrial Segment.Graco FY2025 10-K — Acquisitions note

The completion of this acquisition will strengthen our powder handling portfolio and opens growth opportunities with complementary technologies for new applications. Color Service supports our global expansion strategy and aligns with Graco's commitment to delivering innovative solutions that solve complex customer challenges.Mark Sheahan — President and CEO, Graco Inc. (acquisition completion release)

Red Devil Equipment Company, known in the market as Radia, manufactures mixing, shaking and automated material-handling equipment for the paint and coatings industry. Radia is headquartered in Plymouth, Minnesota, employs approximately 30 people worldwide, and had annual revenue of more than $30 million. Graco's FY2025 10-K records the acquisition at approximately $74 million of purchase consideration, with results included in the Contractor Division and Segment. $69 million (≈$74 million purchase consideration per 10-K).

In the fourth quarter of 2025, the Company completed the acquisition of Red Devil Equipment Company, known in the market as Radia, for approximately $74 million of purchase consideration, and its results have been included with the Contractor Division and Segment.Graco FY2025 10-K — Acquisitions note

Radia brings complementary capabilities to Graco's Contractor business portfolio, enhancing our position in the color solutions space.Mark Sheahan — President and CEO, Graco Inc. (acquisition release)