Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. (“Color Service”), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids

MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it has entered into a definitive agreement to acquire Color Service, a global leader in automated dosing systems for powder and liquid applications for €63 million, subject to customary adjustments. Color Service had revenue of €34 million in 2024. The transaction is expected to close in Graco’s fiscal third quarter following the satisfaction of closing conditions.

“The addition of Color Service strengthens our powder handling portfolio and opens new growth opportunities with complementary technologies for new applications,” said Mark Sheahan, Graco's President and CEO. “This acquisition supports our global expansion strategy and aligns with Graco’s commitment to delivering innovative, high-quality solutions that solve complex customer challenges.”

Color Service serves a wide range of industries including textiles, rubber, cosmetics, plastics, and food. Known for its expertise in gravimetric dosing technology, the company delivers precise, weight-based measurements that improve consistency and efficiency in production. Headquartered in Italy, Color Service employs approximately 140 people worldwide.

ABOUT GRACO

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

Cautionary Statement Regarding Forward-Looking Statements

The Company desires to take advantage of the “safe harbor” provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so. The Company’s statement about the expected closing date of the acquisition is a forward-looking statement. The expected closing and closing date of the acquisition could differ due to any event, change or other circumstance that prevents the parties from satisfying the closing conditions in a timely fashion or at all.