Graco makes two acquisitions

Headquartered in Dexter, Michigan, QED makes a variety of pump systems for groundwater sampling and remediation efforts; landfill liquid and gas management; and the removal of harmful chemicals from groundwater and drinking water supplies. QED employs approximately 80 people at its Dexter headquarters and a production facility in San Leandro, California.

“Both companies operate in attractive niche markets where Graco currently has little or no exposure,” said Patrick McHale, Graco’s president and CEO. “We expect that the specialised fluid management products of QED and EcoQuip will benefit from Graco’s commitment to innovative new product development, an exposure to a global distribution channel, and the company’s expertise in manufacturing efficiencies.”

The two acquisitions have combined annual sales of approximately US$30 million.