Graco acquires Radia in $69M transaction

Graco (GGG) announced that it has acquired Red Devil Equipment Company, known in the market as Radia, in a transaction valued at $69M. With annual revenue of more than $30M, Radia is a manufacturer of mixing, shaking, and automated material handling equipment. Radia serves paint retailers across North America – including hardware, paint, and big-box stores – with its automated mixing solutions. Headquartered in Plymouth, Minnesota, Radia employs approximately 30 people worldwide.