Graco Inc. Has Completed Its Previously-Announced Acquisition of Color Service S.r.l., a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids
'The completion of this acquisition will strengthen our powder handling portfolio and opens growth opportunities with complementary technologies for new applications,' said Mark Sheahan, President & CEO of Graco. 'Color Service supports our global expansion strategy and aligns with Graco's commitment to delivering innovative solutions that solve complex customer challenges.'
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
Cautionary Statement Regarding Forward-Looking Statements
The Company desires to take advantage of the 'safe harbor' provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so. The Company's statement about the expected closing date of the acquisition is a forward-looking statement. The expected closing and closing date of the acquisition could differ due to any event, change or other circumstance that prevents the parties from satisfying the closing conditions in a timely fashion or at all.
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