MINNEAPOLIS — Graco Inc. announced that it has completed its acquisition of Cohesant Technologies Inc.’s GlasCraft Inc. subsidiary for $35 million.
The acquisition was effective as of 5:00 p.m. EST on February 27, 2008, and was accomplished through a shareholder approved merger with GlasCraft’s parent entity, Cohesant Technologies, and a spin off of all non-GlasCraft business operations.
GlasCraft developed the first spray system for the composites manufacturing industry nearly 45 years ago and today manufactures and sells solutions for both open and closed-mold applications.
GlasCraft also designs, manufactures and sells high performance dispense systems for the polyurethane foam and polyurea coatings industries.
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.
