Graco Announces Regular Quarterly Dividend and Appoints Christian Rothe Vice President and Treasurer

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Graco Inc. (NYSE:GGG) has declared a regular quarterly dividend of 21 cents per common share, payable on August 3, 2011, to shareholders of record at the close of business on July 18, 2011. The Company has approximately 60.7 million shares outstanding.

“Christian brings a wealth of finance and investor relations experience to Graco”

Graco is also pleased to announce that Christian Rothe has been appointed Vice President and Treasurer, effective today. Rothe was previously Vice President and Treasurer at Gardner Denver Inc. in Quincy, Illinois, a manufacturer of compressors, blowers and pumps. He also served as Vice President of Finance for Gardner Denver’s Industrial Products Group and Director of Strategic Planning and Development.

In his executive officer capacity, Rothe will be responsible for all corporate treasury activities as well as investor relations programs. Rothe holds a bachelor of science degree in accounting from St. Cloud State University and an MBA in finance from the University of Minnesota Carlson School of Management.

“Christian brings a wealth of finance and investor relations experience to Graco,” said Jim Graner, Graco CFO. “Treasury is an extremely important function for Graco and we are excited to have someone with Christian’s capabilities join us to help us as we strive for additional growth opportunities around the world.”

Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, and construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.