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Graco ( (GGG) ) has shared an announcement.
Graco Inc. has announced its strategic acquisition of Corob S.p.A., an Italian-based global leader in dispensing and mixing solutions for the paint and coatings industry, for €230 million with potential additional payments of €30 million. This move aims to bolster Graco’s global presence in the paint and coating machinery sector and aligns with their growth and market expansion strategies. Corob’s integration, recognized for its innovation and consistent growth, enhances Graco’s portfolio within its Contractor segment, promising collaborative success in the future.
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