Graco Finalizes Purchase of Land in Anoka, Minnesota
August 25 2022 - 4:45PM
Business Wire
Investment to accommodate sustained growth of
operations
Graco Inc. (NYSE:GGG), a leading manufacturer of fluid
handling equipment, announces the purchase of approximately 20
acres of land adjacent to the Company's existing Anoka facility.
The acquired land is located south of Bunker Lake Blvd. and
northwest of Graco. The Company anticipates the now-vacant land
will be used for future expansion as the business continues to
grow.
"Over the last few years, Graco’s Lubrication Equipment Division
has primarily invested back into its business through new
technology and machinery," said Peter O'Shea, President, Worldwide
Lubrication Equipment Division, and President, South and Central
America. "The new land acquisition will provide the necessary space
for facility expansion to support those investments, allowing us to
grow our business and manufacturing capabilities."
ABOUT GRACO
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 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220825005712/en/
Investors: David Lowe, 612-623-6456 Media: David Ahlers,
612-623-6699 David_M_Ahlers@graco.com
Graco (NYSE:GGG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Graco (NYSE:GGG)
Historical Stock Chart
From Jul 2023 to Jul 2024