Graco buys LSR equipment maker Fluid Automation

By Bill Bregar
Senior Staff Reporter

Published: November 27, 2012 6:00 am ET

Related to this story

Topics Mergers & Acquisitions, Machinery

MINNEAPOLIS (Nov. 27, 12:45 p.m. ET) — Graco Inc., a Minneapolis-based maker of fluid handling equipment, has purchased Fluid Automation Inc., which makes pumping and metering systems for liquid silicone rubber.

Fluid Automation, based in Wixom, Mich., was founded in 1974 by Lance Daby, who developed the first “direct-from-the-drum” pumping system for RTV rubber materials.

In LSR molding the liquid gets pumped into a heated mold, where it is cured. LSR has grown as a process for medical molding.

Graco announced the acquisition on Nov. 27. Terms were not disclosed.

“Fluid Automation is recognized and well respected for its product line and application experience,” said Matt Kahle, marketing manager of Graco’s Applied Fluid Technologies Division. “Graco intends to make substantial product, channel and manufacturing investments in this business, and to drive leadership in a growing industry.”

Graco is publicly traded on the New York Stock Exchange.

Through the first nine months of 2012, ended Sept. 28, Graco reported sales of $758.8 million, a 12 percent increase from $679.7 million in the year-before period. The 2012 sales include Graco’s purchase Illinois Tool Works Inc.’s powder and liquid finishing business.


Comments

Graco buys LSR equipment maker Fluid Automation

By Bill Bregar
Senior Staff Reporter

Published: November 27, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

NFM Welding Engineers opens direct office in China

February 26, 2015 2:05 pm ET

MASSILLON, OHIO — Extrusion equipment manufacturer NFM Welding Engineers Inc. has opened a sales office in Dalian, China.    More

Image

Ferro acquires TherMark Holdings for $5.5 million

February 26, 2015 12:15 pm ET

Ferro Corp. said it acquired privately held TherMark Holdings Inc., a laser marking technology company, for $5.5 million in cash.    More

Image

Serbia puts Krušik-Plastika up for sale

February 26, 2015 11:39 am ET

The Serbian Privatization Agency has launched the privatization process for local plastics maker Krušik-Plastika. The agency says it is...    More

Image

3i to sell specialty chemicals company Azelis to Apax Partners

February 26, 2015 11:36 am ET

Azelis Holding SA, the specialty chemicals distributor, is being sold by its private equity owners 3i Group plc to another private investment outfit, ...    More

Image

Amut buys Dolci and Bielloni

February 25, 2015 3:41 pm ET

Amut SpA, the Novara, Italy-based maker of extruders, thermoforming machines and plastics recycling equipment, has acquired the Italian company that m...    More

Market Reports

Flexible Packaging Trends in North America

North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.

For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events