Graco signs definitive agreement to acquire Corob S.p.A. for €230 million

GRACO INC

Graco to acquire Corob S.p.A. for €230M base plus up to €30M contingent consideration.
Corob had 2023 revenue of €110M; employs over 600 people in Italy, India, and Canada.
Acquisition expected to close in Graco's fiscal Q4 2024, subject to customary conditions.
Corob specializes in high-tech dispensing and mixing solutions for paints and coatings, strengthening Graco's Contractor segment.

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