Graco

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Graco Inc.

logo
legal form Incorporated
ISIN US3841091040
founding 1926
Seat Minneapolis , United StatesUnited StatesUnited States 
management Patrick J. McHale
Number of employees 3,300
sales 1,329,000,000 US dollars
Branch Fluid technology
Website www.graco.com
As of December 30, 2016

Graco is an American manufacturer of fluid technology . Products include devices for applying paint , powder coatings , sealants , lubricants or road markings .

The company was characterized as follows:

"Graco is one of those companies, nearly invisible to investors, that makes a steady living by supplying humdrum products - in its case, application systems for paint, sealants, adhesives and lubricants."

"Graco is one of those companies that is almost completely invisible to investors, making life possible for us by making everyday products - in this case, tools for applying paint, sealants, adhesives, and lubricants."

- Harlan S. Byrne

history

Graco was founded as the Gray Company in 1926 to manufacture air operated grease guns . Sales in the first year of operation amounted to 35,000 US dollars . By 1941, annual sales were around a million dollars. During the Second World War they took advantage of an opportunity for defense reasons because of the need for lubricants . After the war, they began developing outside of lubricant manufacturing, developing a paint pump and powered pumps for industrial fluids. By the mid-1950s, they had grown to $ 5 million in sales and 400 employees, and oversaw fluid handling in a variety of industries. From 1962 to 1985 David A. Koch was President of the company. In 1969 he floated the Gray Company , shortening the name.

In 1999 Böllhoff Verfahrenstechnik was bought. In 2011 Graco acquired the brands Binks, DeVilbiss, Evercoat, Gema , Hosco and Ransburg from Illinois Tool Works .

Individual evidence

  1. ↑ a b c Graco 2016 Form 10-K Report , accessed March 4, 2017
  2. ↑ Browse by Product Type
  3. ^ A b Graco Inc. History
  4. ^ Graco History. Retrieved April 25, 2018 .
  5. ↑ Mega deal in the surface industry: Graco takes over finishing business from ITW , April 15, 2011