Graco Inc. (GGG) recently introduced the ExactaBlend AGP Advanced Glazing Proportioner for sealants and adhesives. The ExactaBlend AGP provides on-ratio mixing of ingredients for curtainwall, insulating glass and other applications to improve the overall quality of the finished products.
ExactaBlend AGP offers advanced technologies at an affordable price and is very easy to operate. It reduces material wastage and has a system feature which shuts down automatically in off-ratio conditions. It is often a challenge for the glass industry to obtain on-ratio mixing and this ExactaBlend AGP system is a perfect solution to that problem. Furthermore, the optional data download facility helps with information regarding ratio, flow rate, system errors and material usage.
Moving forward, Graco expects to continuously invest in its businesses to diversify and expand its product ranges to augment market position.
Headquartered in Minneapolis, Minn, Graco supplies technology for management of fluids in both industrial and commercial applications. The company designs, manufactures and markets systems that move, measure, control, dispense, and apply fluid materials. The company’s key growth drivers include development and marketing of new products, expansion of the global distribution network, and foraying into new markets with technology and channel expansion. In the last reported quarter, Graco reported net sales of $269.0 million, up 15.0% year over year.
Graco currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look in the industry include Colfax Corporation (CFX), IDEX Corporation (IEX) and Middleby Corp (MIDD), each carrying a Zacks Rank #2 (Buy).
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