MINNEAPOLIS, Minn.—Graco Inc. has acquired Fluid Automation Inc. to gain a presence in the liquid silicone rubber machinery industry.
The transaction closed Aug. 20 but the company did not announce the purchase until Nov. 27. Financial and other details weren't disclosed.
Fluid Automation of Wixom, Mich., is a manufacturer of metering and dispensing equipment for LSR materials. Graco plans to make "substantial product, channel and manufacturing investments in the business," said Matt Kahle, marketing manager of Graco's Applied Fluid Technologies Division.
The Applied Fluid Technologies Division designs, manufactures and markets fluid handling equipment for sealants, adhesives, resins, protective coatings and polyurethanes.
Fluid Automation was founded in 1974 by Lance Daby, who developed the first "direct-from-the-drum" pumping system for room-temperature vulcanized rubber materials.
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 of Illinois Tool Works Inc.'s powder and liquid finishing business.