Business

Graco Acquires Italy-based Corob

Minneapolis-based Graco Inc. announced a definitive agreement to acquire Corob S.p.A. (“Corob”) for €230 million, subject to customary adjustments, with up to €30 million in additional contingent consideration. The transaction is expected to close in Graco’s fiscal fourth quarter pending customary closing conditions. Corob reported revenue of €110 million in 2023. Read More…

Henkel Reaches Milestone in Kenya

Henkel says its manufacturing site in Nairobi, Kenya, is now fully powered by 100% renewable electricity. Henkel Kenya is one of eight manufacturing sites of the company’s Adhesive Technologies business unit in the Middle East and Africa that have transitioned to renewable electricity sources. Read More…