Graco Holds Groundbreaking Ceremony for Dayton Distribution Center

Rhea-AI Summary

Graco Inc. (NYSE:GGG) held a groundbreaking ceremony for its new 500,000-square-foot distribution center in Dayton, Minnesota, on August 30. This facility will serve as the Company's main global distribution hub, enhancing operational success and future growth opportunities. The project is part of the second phase of Graco's French Lake development, which began in 2021 after acquiring 100 acres of land in Dayton. Phase one is expected to complete soon. The company collaborates with McGough, JLG, and Tegra on this project.

Positive

• New 500,000-square-foot distribution center to enhance global operations.
• Collaboration with established firms for project execution.
• Part of a larger development to support potential future growth.

Negative

• None.

MINNEAPOLIS--(BUSINESS WIRE)-- On Tuesday, August 30, Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, held the groundbreaking ceremony for the Company’s second building in Dayton, Minnesota.

Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, held the groundbreaking ceremony for the Company’s second building in Dayton, Minnesota. (Photo: Business Wire)

The roughly 500,000-square-foot building will serve as the Company’s main worldwide distribution center. Graco is currently collaborating on this project with general contractor, McGough, architectural services firm, JLG, and project manager, Tegra.

"I'm excited to see this project get underway as it marks another milestone for our Company," said Angie Wordell, Graco's Executive Vice President of Operations. "The new distribution center will support Graco businesses worldwide, contributing to operational success and creating future opportunities for growth."

The new building is part of the second phase of Graco’s French Lake development project that began in 2021 when the Company purchased approximately 100 acres of undeveloped land in Dayton, Minnesota. Phase one of the Dayton campus is expected to be completed later in the month.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006159/en/

Investors: David Lowe, 612-623-6456

Media: David Ahlers, 612-623-6699

David_M_Ahlers@graco.com

Source: Graco Inc.

FAQ

What did Graco Inc. announce on August 30, 2023?

Graco Inc. announced the groundbreaking of a new 500,000-square-foot distribution center in Dayton, Minnesota.

How will the new building benefit Graco Inc.?

The new building will serve as Graco's main global distribution hub, supporting operational success and future growth.

What is the size of the new distribution center being built by Graco Inc.?

The new distribution center will be approximately 500,000 square feet.

Who are the contractors involved in Graco's new distribution center project?

Graco is collaborating with McGough as the general contractor, JLG for architectural services, and Tegra as the project manager.

What phase is the new distribution center part of in Graco’s development project?

It is part of the second phase of Graco's French Lake development project.