MINNEAPOLIS--(BUSINESS WIRE)-- Graco Inc. (NYSE:GGG) announced today that it completed two acquisitions in December 2013.
QED Environmental Systems (QED) is a leading manufacturer of fluid management solutions for the growing environmental monitoring and remediation markets.
EcoQuip designs and produces eco-friendly vapor abrasive blasting systems for coating removal and surface preparation.
“Both companies operate in attractive niche markets where Graco currently has little or no exposure,” said Patrick J. McHale, Graco’s President and Chief Executive Officer. “We expect that the specialized fluid management products of QED and EcoQuip will benefit from Graco’s commitment to innovative new product development, an exposure to a global distribution channel, and the Company’s expertise in manufacturing efficiencies.”
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook