Graco has completed the acquisition of the stock of High Pressure Equipment (HiP) company for USD 160M. HiP is a Pennsylvania-based manufacturer of valves, fittings, and other flow control equipment engineered to perform in ultra-high pressure environments, from 10,000psi to 150,000psi. HiP also maintains an engineering and production base in Stoke-on-Trent, Staffordshire, UK.
“We are pleased to formally welcome HiP to the Graco family”, said Graco President and CEO Patrick J. McHale. “Their sophisticated technologies and in-depth market experience will be of significant value to Graco.” Graco supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense, and spray fluid and powder materials.
