Graco acquires Corob S.p.A.

Graco acquired Corob S.p.A. for €230 million in cash (≈$276 million paid), plus up to €30 million contingent consideration, a transaction completed in November 2024, structured as all cash plus contingent earn-out.

Corob S.p.A. operates in Contractor, is based in headquartered in Italy, with additional manufacturing operations in India and Canada; more than 600 employees worldwide, had revenue of about €110 million in 2023. Corob S.p.A. is a global leader in the design and manufacturing of high-performance volumetric and gravimetric dispense, mixing, and shaking equipment used in mission-critical tinting applications for paints and coatings. Corob had revenue of €110 million in 2023, more than 600 employees worldwide, and is headquartered in Italy with additional manufacturing operations in India and Canada. Contingent consideration of up to €30 million is tied to revenue performance over two twelve-month periods (capped at €15.0 million per period); the first period did not trigger an earn-out.

The addition of Corob to our portfolio builds on our strong global position in the growing paint and coating machinery manufacturing category within our Contractor segment. This acquisition advances our key strategies of global growth and expanding into new and adjacent markets.

Global leader in tinting dispensing/mixing equipment with a demonstrated track record of consistent growth through innovation, quality and service. Leverages complementary strengths to drive growth and expand Graco's global manufacturing footprint. Graco Contractor segment