The 2020 Mid-Year Economic Update_long

Carlisle Buys Graco’s Liquid Finishing Business for $590 Million

Purchase of Finishing Brands Holdings stems from FTC order for Graco to divest.

Carlisle Companies Inc., Charlotte, NC, (NYSE:CSL) has agreed to buy the liquid finishing business assets from Graco Inc. and its subsidiary Finishing Brands Holdings Inc. for $590 million.

Graco, Minneapolis, MN, acquired the Liquid Finishing Brands business in 2012 as part of its purchase of the liquid and powder finishing businesses of Illinois Tool Works Inc. Liquid Finishing Brands is currently being held separate from Graco's other businesses by order of the U.S. Federal Trade Commission, and Graco is required to sell the business within 180 days after entry of the FTC’s final divestiture order, which occurred on October 6.

With annual sales of approximately $275 million, Liquid Finishing Brands is a manufacturer of liquid finishing equipment and systems serving OE automotive, automotive refinishing, aerospace, agriculture, construction, marine, rail and other industrial applications. The business operates from 26 locations in seven countries with half its sales in the Americas and half in Asia and Europe.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.