Graco (GGG) closed the acquisition of tinting equipment manufacturer Corob for 230 million euros ($250.6 million) with an additional contingent consideration of up to 30 million euros.
Corob generated 110 euros million in revenue in 2023 and employs over 600 people globally, Graco said Monday in a statement.
Paris-based investment firm Ardian announced the Corob sale to Graco on Sept. 27.
Graco shares rose 1.1% in recent trading Monday.
Price: 83.43, Change: +0.91, Percent Change: +1.10
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