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Graco, FTC reach settlement on spray foam equipment

Graco announced it has reached a non-monetary settlement agreement resolving a Federal Trade Commission non-public investigation of the company's business related to spray foam equipment used by contractors doing business in the United States. The settlement expressly states that Graco does not admit any violation of law or that the facts alleged in the FTC's complaint are true. The company believes that the complaint contains inaccuracies with regard to both the law and the facts, and relates to events which occurred many years ago. This agreement related to spray foam equipment is not associated with the FTC's ongoing review of Graco's 2012 acquisition of the Finishing Brands, which included powder and liquid finishing businesses from Illinois Tool Works.