Industry

Graco Acquires Italy-based Corob

Minneapolis-based Graco Inc. announced a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco’s fiscal fourth quarter pending customary closing conditions. Corob reported revenue of €110 million in 2023. Read More…

Henkel Reaches Milestone in Kenya

Henkel says its manufacturing site in Nairobi, Kenya, is now fully powered by 100% renewable electricity. Henkel Kenya is one of eight manufacturing sites of the company’s Adhesive Technologies business unit in the Middle East and Africa that have transitioned to renewable electricity sources. Read More…

Vibrantz Technologies to Build New Facility in the Netherlands

Vibrantz Technologies announced the upcoming groundbreaking of a production facility to expand the capacity of its patented Pearls™ sustainable tinting solution at its site in Sittard, the Netherlands. According to Vibrantz, Pearls™ is the industry’s first volumetrically dosed tinting system of solid colorants for water-based architectural and industrial paints. Read More…