Graco Inc. Unveils New Building in Dayton, Minnesota
September 22 2022 - 5:25PM
Business Wire
Graco’s new facility incorporates solar energy
and provides space for Company growth.
On Sept. 20, Graco Inc. (NYSE:GGG), a leading
manufacturer of fluid handling equipment, held a ribbon-cutting
ceremony for the grand opening of its new 538,000-square-foot
building. It is the first building to open on the Patrick J. McHale
campus in Dayton, Minnesota.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220922005905/en/
Patrick J. McHale cutting the ribbon of
Graco's new building in Dayton, MN. (Photo: Business Wire)
"The opening of our fourth Minnesota campus is driven by our
commitment to continuous improvement," said Mark Sheahan, President
and CEO. "Our business segments in Minneapolis have reached full
capacity, which created a need to expand both our factory and
office spaces. The new state-of-the-art facility in Dayton will
continue providing enough space for these segments to grow for many
years to come."
Graco, working with Impact Power Solutions (IPS), is investing
in solar energy with this new building. The Company has added a
1.4-megawatt solar array, consisting of over 3,100 solar panels on
the roof of the building. This investment will improve Graco's
environmental footprint. Over the next 30 years, the solar array is
expected to offset over 23,000 tons of CO2.
In recognition of Graco's sustainability efforts, IPS has also
partnered with American Forests to plant 1,400 trees, one for each
kilowatt of solar installed.
"Graco will continue to invest in the communities and
environments we live in," said Angie Wordell, Executive Vice
President of Operations. "With this new campus, Graco will replace
some of our traditional energy consumption methods with solar
energy. We've chosen to invest in more sustainable energy because
it's the right thing to do for the environment, our communities,
customers, employees and the business."
Graco partnered with general contractor, McGough, architectural
services firm, HGA, and project manager, Tegra Group, to complete
building construction. Graco also recognizes the support of the
City of Dayton on this project. The new facility will house office
and factory space.
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/20220922005905/en/
Investors: David Lowe, 612-623-6456 Media: Taylor Juve,
612-623-6153 Taylor_M_Juve@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