Graco Signs Deal to Acquire Corob & Boost Product Portfolio

Graco Inc. (GGG) recently signed a definitive deal to purchase Corob S.p.A. for €230 million with additional contingent consideration of up to €30 million. Management expects the transaction to be completed in the fiscal fourth quarter, subject to the fulfillment of customary closing conditions. GGG's shares gained 2.3% yesterday to eventually close the trading session at $86.81. Inside the Headlines Based in San Felice sul Panaro, Italy, Corob is engaged in developing and manufacturing high-tech dispensing ...