An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Graco Finalizes Purchase of Land in Anoka, Minnesota
Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Graco Inc. (NYSE:GGG) has announced the acquisition of approximately 20 acres of land adjacent to its existing Anoka facility. This strategic purchase aims to support the company's ongoing growth, enabling future facility expansion. Peter O'Shea, President of the Worldwide Lubrication Equipment Division, emphasized the importance of this investment in providing space for enhanced manufacturing capabilities and technology integration. Graco specializes in fluid handling equipment, serving various industries globally.
Positive
Acquisition of 20 acres for future expansion supports growth strategy.
Investment in land allows for enhanced manufacturing capabilities.
Negative
None.
Investment to accommodate sustained growth of operations
MINNEAPOLIS--(BUSINESS WIRE)--
Graco Inc.(NYSE:GGG),a leading manufacturer of fluid handling equipment, announces the purchase of approximately 20 acres of land adjacent to the Company's existing Anoka facility. The acquired land is located south of Bunker Lake Blvd. and northwest of Graco. The Company anticipates the now-vacant land will be used for future expansion as the business continues to grow.
"Over the last few years, Graco’s Lubrication Equipment Division has primarily invested back into its business through new technology and machinery," said Peter O'Shea, President, Worldwide Lubrication Equipment Division, and President, South and Central America. "The new land acquisition will provide the necessary space for facility expansion to support those investments, allowing us to grow our business and manufacturing capabilities."
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management of fluids 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. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
