INDIANAPOLIS - Gema, the global leader in powder coating equipment, begins a new chapter in its business history. As previously announced, Gema begins operating as a new business unit of the Graco Corporation (NYSE: GGG) effective April 2, 2012.
Finishing customers worldwide will benefit from the joint effort of two recognized technology leaders who complement one another with strong brands, professional teams and excellent product ranges.
“The addition of the Gema Powder Finishing business to Graco’s existing finishing operations is highly strategic and complementary,” said Patrick J. McHale, Graco’s President and Chief Executive Officer. “It allows the Company access to attractive end markets; the global distribution base of Gema is strong and growing; the emerging market exposure is highly attractive; and the brand name is well established with end users as a high quality, technological leader.”
“This is going to be an extraordinarily exciting time for all of us as we work to make our successful business even better,” states Claudio Merengo, Gema Group President. “This change in our corporate ownership will enhance our ability to provide high quality products and continued excellent service.”
Gema will operate as a separate business unit and customers and industry partners will see no change in how the company conducts business. Gema will continue to manufacture and deliver great products, continue to provide excellent support to their worldwide distributors and customers, and continue to advance innovation projects, with the same team of dedicated and experienced managers and employees.
Over the next several months a transition will occur as marketing, promotional, and product materials are integrated with the new company name, Gema.
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