Graco continues acquisition spree

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Graco Inc. continues its acquisition spree and bought four (4) further companies for a combined cash purchase price of USD 185 million.

The company acquired GeoBlaster Equipment Sales & Services Inc. and Brazil-based Multimaq-Pistolas Equipamentos Para Pintura Ltda (Multimaq)o in December 2014. The company now agreed to acquire High Pressure Equipment (HiP) and White Knight Fluid Handling business.

According to the company, the acquisitions are a strategic move aimed to fuel its growth momentum by expanding its geographical presence in new markets as well as diversifying its product portfolio. In addition, the acquisition of HiP includes a favorable tax election that is expected to save Graco approximately $1.5 million per year in cash taxes through 2029.

Three years ago Graco acquired the finishing business of ITW (incl. Gema, Binks, Devilbiss and Ransburg) but was later urged by US regulators to sell the “liquid” part again.



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