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Graco to acquire Corob, a coatings solutions provider

  • Categories:Industry News
  • Author:European coating
  • Origin:European coating
  • Time of issue:2024-09-30 15:35
  • Views:

(Summary description)US paints and coatingsmaker PPG has agreed to sell its silicas products business for about $310 million to Warsaw, Poland-based Qemetica, a manufacturer of
soda ash, silicates and other specialty chemicals.

Graco to acquire Corob, a coatings solutions provider

(Summary description)US paints and coatingsmaker PPG has agreed to sell its silicas products business for about $310 million to Warsaw, Poland-based Qemetica, a manufacturer of
soda ash, silicates and other specialty chemicals.

  • Categories:Industry News
  • Author:European coating
  • Origin:European coating
  • Time of issue:2024-09-30 15:35
  • Views:
Information

Graco announces that it has entered into a definitive agreement to acquire Corob for €230 million, subject to customary adjustments, with up to €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 €110 million in 2023.

 

 

Graco supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications.

It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials.

“The addition of Corob to our portfolio builds on our global position in the growing paint and coating machinery manufacturing category within our

contractor segment,” said Mark Sheahan, Graco’s president and CEO. “This acquisition advances our key strategies of global growth and expanding into

new and adjacent markets.”

 

Corob is a provider of 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.

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Qingchuang United Titanium Group is a professional supplier providing various types of titanium dioxide, coating additives, and functional pigments and fillers.

We have passed the quality management system certification. After more than twenty years of hard work,

we have established a comprehensive service network covering sales, technical support, and logistics distribution for numerous clients across seven provinces and two municipalities,

including Beijing, Tianjin, Hebei, Shandong, Henan, Shanxi, Hubei, Shaanxi, and Inner Mongolia

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