Graco acquired Airlessco (Durotech Co.) and LubeSci (Lubrication Scientifics, Inc.) assets for $20 million, structured as Asset acquisition.
Airlessco (Durotech Co.) and LubeSci (Lubrication Scientifics, Inc.) assets is based in Moorpark, California, USA. Graco acquired the Airlessco spray-painting product-line assets from Durotech Co. and the LubeSci automated-lubrication assets from Lubrication Scientifics, Inc. The combined Airlessco and LubeSci businesses had annual sales of approximately $17 million. Airlessco broadened Graco's contractor spray-equipment offering while LubeSci added automated lubrication products. Announced in October 2008.
Broaden Graco's contractor spray-equipment and automated-lubrication product lines.
Advisory firms were not disclosed for this transaction.