Industrial goods manufacturer
) recently introduced a portfolio of new hose reels to better
serve the maintenance requirements of heavy-duty vehicles used in
mining, construction, and fleet maintenance. The products are
currently available for sale in North America and are expected to
be launched in the overseas market in the immediate future.
ALTRA HOLDINGS (AIMC): Free Stock Analysis
BABCOCK&WILCOX (BWC): Free Stock Analysis
GRACO INC (GGG): Free Stock Analysis Report
ENPRO INDUS INC (NPO): Free Stock Analysis
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Heavy-duty vehicles used in construction and mining usually store
a huge volume of fluids, thereby consuming high infill time. The
new breed of XD 40 and XD 50 hose reels are expected to increase
fluid flow rates by capitalizing on patent-pending exclusive
swivel design that reduces pressure drop, thereby augmenting the
efficiency of the equipments by consuming comparatively less
In addition, the new products are manufactured with corrosion
resistant materials for high longevity and are seasoned to
sustain the extreme operating conditions that are encountered
while servicing the equipments. The standard models are also
equipped with factory-installed hoses to save additional labor
and installation time.
Headquartered in Minneapolis, MN, Graco provides indigenous
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. Its products are widely used for the application
of paints and coatings, for the high-pressure cleaning of
equipment, and for the lubrication and maintenance of vehicles
and other equipment.
Graco offers its products through distributors, integrators,
original equipment manufacturers, auto parts stores, home
centers, sales force, and direct sales generalists in North
America, South America, Europe, the Middle East, Africa, and the
Asia-Pacific. The company's key growth drivers include the
development and marketing of new products, expansion of the
global distribution network, opening up of new markets with
technology and channel expansion and the completion of strategic
However, Graco faces stiff competition from other players in the
market such as
Altra Holdings, Inc.
The Babcock & Wilcox Company
EnPro Industries, Inc.
), each carrying a Zacks Rank #1 (Strong Buy). Graco presently
carries a Zacks Rank #3 (Hold).