) recently announced the completion of two acquisitions in
December that will add to its ground water and landfill fluid
management capabilities. Graco acquired QED Environmental Systems
(QED) - a leading manufacturer of fluid management solutions for
the growing environmental monitoring and remediation markets.
Graco also purchased EcoQuip, a designer and producer of
eco-friendly vapor abrasive blasting systems for coating removal
and surface preparation. The financial terms of the transaction
were not disclosed.
QED produces a variety of pump systems for groundwater
sampling and remediation efforts, landfill liquid and gas
management and helps in the removal of harmful chemicals from
groundwater and drinking water supplies. EcoQuip produces
environmentally-friendly blasters that remove most air-borne dust
particles while using less water to complete the tasks of
The strategic acquisitions are aimed to gain more exposure in
niche markets. The specialized fluid management products of QED
and EcoQuip will benefit from Graco's dedication to innovative
new product development.
The combined sales for the two acquisitions for the recent
trailing 12-month period were approximately $30 million. Moving
forward, Graco expects to continuously invest in its businesses
to diversify and expand its product portfolio to augment its
position in the market.
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, foraying into new markets with technology
and channel expansion.
Graco currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth considering now are
Barnes Group Inc
ltra Industrial Motion Corp
), each carrying a Zacks Rank #2 (Buy).
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