Graco to acquire Corob S.p.A. for EUR 230M

Graco “announced that it has entered into a definitive agreement to acquire Corob S.p.A. for EUR 230 million, subject to customary adjustments, with up to EUR 30 million in additional contingent consideration. The transaction is expected to close in Graco’s fiscal fourth quarter following the satisfaction of customary closing conditions. Corob had revenue of EUR 110 million in 2023. Corob is a global leader in the design and manufacturing of high-performance volumetric and gravimetric dispense, mixing, and shaking equipment used in mission-critical tinting applications. Corob has more than 600 employees worldwide and is headquartered in Italy with additional manufacturing operations in India and Canada.”