The acquisition gives Carlisle a leading position in a new industry segment with widely recognized premium brands in industrial liquid finishing equipment and systems.
Graco will sell the Binks, DeVilbiss, Ransburg and BGK assets obtained during its acquisition of the Finishing Brands. Carlisle Companies will purchase the Liquid Finishing business from Graco for $590 million.
Graco has signed a definitive agreement to sell the Liquid Finishing business assets that were purchased as part of its acquisition of the Finishing Brands business from Illinois Tool Works (ITW) on April 2, 2012.
WASHINGTON -- DeVilbiss Air Power Co. of Jackson, TN, has issued a voluntary recall for approximately 460,000 air compressors that reportedly can overheat, posing a fire hazard.