Acquisition complements Graco’s position in the growing colour solutions market
Graco Inc. announced that it has acquired Red Devil Equipment Company, known in the market as Radia, in a transaction valued at $69 million. With annual revenue of more than $30 million, Radia is a manufacturer of mixing, shaking, and automated material handling equipment for the growing paint
and coatings industry.
“Radia brings complementary capabilities to Graco’s Contractor business portfolio, enhancing our position in the colour solutions space, our acquisition of Corob last year expanded our precision tinting and dispensing capabilities, while Radia strengthens our portfolio with advanced mixing and material handling equipment—creating a more complete solution for our customers,” has stated Mark Sheahan, Graco’s President and CEO.
Radia serves paint retailers across North America – including hardware, paint, and big-box stores – with its reliable, automated mixing solutions. Headquartered in Plymouth, Minnesota, Radia employs approximately 30 people worldwide.