Graco Inc. Acquires Radia Products, a Leading Manufacturer of Paint Mixing Equipment
Acquisition complements Graco's position in the growing color solutions market
Graco Inc. (NYSE:GGG) announced today that it has acquired Red Devil Equipment Company, known in the market as Radia, in a transaction valued at $69 million. With annual revenue of more than $30 million, Radia is a manufacturer of mixing, shaking, and automated material handling equipment for the growing paint and coatings industry.
"Radia brings complementary capabilities to Graco's Contractor business portfolio, enhancing our position in the color solutions space," said Mark Sheahan, Graco's President and CEO. "Our acquisition of Corob last year expanded our precision tinting and dispensing capabilities, wh
