Graco acquires Alco Valves Group

Graco acquired Alco Valves Group for £72.2 million, a transaction completed in October 2014, structured as all cash.

Alco Valves Group operates in Process, is based in United Kingdom (headquartered). Alco Valves Group is a United Kingdom-based manufacturer of high quality, high pressure valves used in Oil & Natural Gas and other industrial processes. Established in 1977, Alco offers brands including Alco Hi-Tek, Alco Valves, Alco Sub-Tek and Alco Process, and has global relationships with Oil & Natural Gas customers. Graco acquired Alco via its subsidiary Graco International Holdings SARL by purchasing the shares of Xamol Limited.

Gaining additional exposure to the Oil & Natural Gas industry is a logical extension for Graco and a strategically important initiative that will support our long-term sales and profit goals. Alco manufactures a comprehensive range of technically advanced high integrity valve products, a strong fit with Graco's core competencies of designing and manufacturing advanced flow control technologies.

Established 1977 valve maker with recognized brands and strong Oil & Natural Gas customer relationships, fitting Graco's flow-control core competencies. Builds on Graco's Oil & Natural Gas equipment business base. Graco (Oil & Natural Gas equipment business; Process segment)

Gaining additional exposure to the Oil & Natural Gas industry is a logical extension for Graco and a strategically important initiative that will support our long-term sales and profit goals. Alco manufactures a comprehensive range of technically advanced high integrity valve products, a strong fit with Graco's core competencies of designing and manufacturing advanced flow control technologies.Patrick J. McHale, President and CEO, Graco Inc.

Advisory firms were not disclosed for this transaction.

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