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Biz Brief: Graco buys Glascraft

By Staff | April 2008

Graco Inc. (Minneapolis, Minn.) has completed its $35 million (USD) acquisition of Cohesant Technologies Inc.’s GlasCraft Inc. (Indianapolis, Ind.) subsidiary. GlasCraft developed the first spray system for the composites manufacturing industry nearly 45 years ago and today manufactures and sells solutions for open- and closed-mold applications. GlasCraft also designs, manufactures and sells high-performance dispensing systems for the polyurethane foam and polyurea coatings industries. The company has approximately 70 employees and annual sales of approximately $18 million.