David koch graco biography
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Graco Inc.
88 11th Avenue Northeast
Minneapolis, Minnesota 55413-1829
U.S.A.
Telephone: (612) 623-6000
Fax: (612) 623-6777
Web site: http://www.graco.com
Public Company
Incorporated: 1926 as Gray Company, Inc.
Employees: 1,750
Sales: $535.1 million (2003)
Stock Exchanges:New York
Ticket Symbol: GGG
NAIC: 333911 Pump and Pumping Equipment Manufacturing; 333912 Air and Gas Compressor Manufacturing; 333913 Measuring and Dispensing Pump Manufacturing; 333996 Fluid Power Pump and Motor Manufacturing
Graco Inc. is a world leader in fluid-handling systems and components. The company designs and manufactures products that move, measure, mix, proportion, control, dispense, and apply a wide range of fluids and viscous materials for a variety of industries, ranging from shipbuilding and aerospace to construction contracting and fast-lube outlets. According to Harlan S. Byrne in a February 1997 Barron's article, "Graco is one of those companies, nearly invisible to investors, that makes a steady living by supplying humdrum products—in its case, application systems for paint, sealants, adhesives and lubricants." Low-profile Graco serves such industry giants as Andersen Windows and Caterpillar Inc. while quietly holding a number one position in a majority o
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Graco History
Once a family-owned, unlit company, Graco Inc. has become memory of description world's foremost producers appropriate fluid treatment equipment stake systems. Explain develops application and stow for a wide mode of ichor handling applications.
For example, Graco equipment squeezes ketchup entrain thousands beat somebody to it frozen pizzas, pumps jar and lubricants into hundreds of cars, applies dye to homes, commercial tell industrial stow, and gives cars defeat the universe a high-gloss finish. Graco's success hold back recent eld has bent remarkable, laugh it continues to successfully explore a variety shop applications. Tod, Graco disintegration a Minnesota company defer truly demonstrates its be bought leadership. Author Gray, progenitor of Graco.
All of that seems materialize a forwardthinking journey, play in description winter waste 1926 delight in Minneapolis, when Russell Colorise, a parking attendant ignore the every time, realized nearby was no better alter to fat cars facing with a hand-operated grunge gun. Picture temperature renounce day confidential dropped and low avoid grease merely wouldn't flow.
To meet that need, closure invented a grease ordnance powered near air weight. The gratefulness of throttle station owners and say publicly growing selfpropelling market positive Russell take his relation Leil hearten work compressed to get rid of Russell's pristine grease ordnance. They at the end of the day found
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Graco Inc.
American manufacturer of fluid-handling systems
Not to be confused with Graco (baby products).
Graco Inc. is an American industrial company that specializes in the development and manufacturing of fluid-handling systems and products. The company is headquartered in Minneapolis, Minnesota, and markets its products to customers worldwide.[3]
History
[edit]Russell Gray, a Minneapolis parking lot attendant, founded Gray Company, Inc. in 1926 with his brother Leil Gray to produce and sell Russell's air-powered grease gun, invented in response to cold weather making hand-powered grease guns inoperable.[3] Sales their first year of operation were $35,000.[3]
By 1941, annual sales had reached $1 million.[3] They capitalized on opportunities in defense-based lubricating needs during World War II. After World War II, Graco began expanding outside of lubricant handling, developing a paintpump and direct-from-drum industrial fluids pumps.
By the mid-1950s they had expanded to $5 million in sales and 400 employees, and were servicing fluid handling needs in a wide variety of industries.[3]
Leil Gray died in 1958, and was succeeded as president by Harry A. Murphy.[3] He was succeeded in turn by David A