Illinois Tool Works Inc. announced that it has completed the sale of its finishing group of businesses to Graco Inc. in a $650 million cash transaction.
The finishing equipment businesses consist of paint spray systems and technologies for a variety of industrial end markets and applications around the world. Key brands include Gema, Ransburg, DeVilbiss, BGK and Binks. These businesses compete in wet industrial finishing as well as powder paint equipment and drying technologies. (…)
