Graco Inc. (Graco) has acquired Red Devil Equipment Company (Radia) in a transaction valued at $69 million. Radia is a manufacturer of mixing, shaking, and automated material handling equipment for the growing paint and coatings industry headquartered in Plymouth, Minn., with annual revenue of more than $30 million.
“Radia brings complementary capabilities to Graco’s Contractor business portfolio, enhancing our position in the color solutions space,” said Mark Sheahan, Graco’s president and CEO. “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.”