Graco Acquires Machine Technologies
Graco Inc., a leading manufacturer of fluid handling equipment, announced today that it has acquired Machine Technologies LLC, a Texas-based manufacturer of mortar pumps and continuous mixers. Machine Technologies’ products will become part of the product portfolio of Graco’s Applied Fluid Technologies Division (AFTD).
“The acquisition aligns with our strategies to deliver leading technologies and expand our worldwide business,” said Tim White, Graco AFTD Director of Sales and Marketing. “Machine Technologies’ products are rugged, durable and well respected in the mortar arena. This is an exciting opportunity for Graco as we continue to expand our capabilities in the construction industry.”
Machine Technologies’ pumps and mixers are used for concrete restoration projects, self-leveling underlayments, fireproofing and grouting applications as well as Exterior Insulation and Finish System installations.
Financial terms of the transaction were not disclosed. For more information on Machine Technologies, visit www.machine-technologies.com.