Graco acquires Gusmer Corporation and Gusmer Europe S.L.

Graco acquired Gusmer Corporation and Gusmer Europe S.L. for $65 million ($45M for Gusmer Corporation + $20M for Gusmer Europe), a transaction completed in February 2005, structured as all cash.

Gusmer Corporation and Gusmer Europe S.L. operates in Industrial, is based in Lakewood, New Jersey (USA) and Vilanova, Spain, had revenue of about combined sales of approximately $43 million in 2004. Gusmer is a leading designer and manufacturer of specialized two-component dispense equipment systems and replacement parts. Its systems handle multiple-component formulations such as polyesters, polyureas, polyurethanes and epoxies used in construction, transportation and marine applications. Gusmer Corporation is based in Lakewood, New Jersey; Gusmer Europe S.L. is based in Vilanova, Spain. Both were purchased from affiliates of PMC Global, Inc. of Sun Valley, California.

Gusmer is a well respected company that we have been interested in acquiring for several years. The company is recognized for its plural component dispensing equipment used in the construction, transportation and marine industries to apply insulation, protective coating, sealant and anti-corrosive materials.

Established 1961 brand with strong reputation in plural-component dispensing for construction, transportation and marine markets. Graco Industrial segment