Graco acquired Multimaq-Pistolas e Equipamentos Para Pintura Ltda (Multimaq) for part of combined ~$185 million for four businesses, a transaction completed in December 2014, structured as all cash.
Multimaq-Pistolas e Equipamentos Para Pintura Ltda (Multimaq) operates in Industrial, is based in Porto Alegre, Brazil, had revenue of about NULL (part of ~$50M aggregate sales / ~$17M EBITDA across the four businesses). 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.
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.
Respected Brazilian finishing-equipment brand expanding Graco's geographic reach in Latin America. Graco Industrial Products Segment
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.
Advisory firms were not disclosed for this transaction.