- Graco Inc. (GGG, Financial) signs a definitive agreement to acquire Color Service for €63 million.
- The acquisition aims to enhance Graco's powder handling portfolio and support global expansion.
- Color Service had a revenue of €34 million in 2024 and employs approximately 140 people worldwide.
Graco Inc. (GGG), a leader in fluid and coatings management technology, announced it has entered into a definitive agreement to acquire Color Service s.r.l., a global manufacturer renowned for its specialized automatic precision dosing systems for powders and liquids. The acquisition is valued at €63 million, subject to customary adjustments, and is anticipated to close in Graco's fiscal third quarter upon satisfaction of closing conditions.
Color Service, based in Italy, is celebrated for its expertise in gravimetric dosing technology, which provides precise, weight-based measurements to enhance consistency and efficiency across various industries, including textiles, rubber, cosmetics, plastics, and food. The company generated €34 million in revenue in 2024 and employs approximately 140 individuals globally.
"The addition of Color Service strengthens our powder handling portfolio and opens new growth opportunities with complementary technologies for new applications," stated Mark Sheahan, Graco's President and CEO. This acquisition aligns with Graco’s strategic goals for global expansion and its commitment to delivering innovative, high-quality solutions.
Graco Inc., headquartered in Minneapolis, serves customers worldwide in the manufacturing, processing, construction, and maintenance industries, providing technology for the management of fluids and coatings. For more information about Graco Inc., visit their official website at www.graco.com.
