Carlisle Companies Incorporated (NYSE:CSL) today announced the signing of a definitive agreement to purchase from Graco Inc. (NYSE:GGG) and its subsidiary Finishing Brands Holdings, Inc. their held separate liquid finishing business assets (“Liquid Finishing Brands”) in a $590 million cash transaction.
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.
The seven winners of the Challengers Distinguished Achievement Award were announced Aug. 20 during the International Woodworking Fair. They are: Aiken Development, Castle Inc., Graco, Thermwood Corp., Timesavers and Weinig/Holz-Her, which won two awards.