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Graco Announces Relocation of Minneapolis Operations to Existing Northwest Metro Campuses

1. Graco will relocate offices to northwest Minneapolis for operational synergy. 2. The move aims to boost manufacturing capacity and global expansion. 3. Graco plans to exit its Riverside campus in two years. 4. Construction of a new corporate headquarters is planned in Rogers or Dayton. 5. Graco operates in 12 countries and sells globally in over 100.

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FAQ

Why Bullish?

The consolidation may enhance efficiency and reduce costs, similar to successful relocations by other firms. Improved operations and synergy typically positively influence stock prices.

How important is it?

The decision signifies strategic growth, likely attracting investor interest and confidence.

Why Long Term?

The benefits from the operational consolidation will materialize gradually, with improvements evident over time.

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- MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG), a leading manufacturer of fluid and materials handling equipment, announced today that it will relocate its remaining Riverside Minneapolis operations and corporate teams to its growing campuses in the northwest metro area.“The decision to consolidate our operations and offices in the northwest metro positions us for continued growth while fostering greater collaboration and operational synergy," said Mark Sheahan, President and CEO of GracoShare Graco has called the banks of the Mississippi River in Northeast Minneapolis its home since the 1940s, with both corporate offices and manufacturing operations based along the historic riverfront. Over time, as Graco has expanded its operations, many of its Minnesota-based teams have moved to nearby campuses in the cities of Rogers, Dayton and Anoka, where Graco has built and expanded manufacturing facilities and office space. “As we continue to grow and evolve globally, we’ve taken a thoughtful look at how best to align our Minnesota facilities to maximize manufacturing capacity,” said Mark Sheahan, President and CEO of Graco. “The decision to consolidate our operations and offices in the northwest metro positions us for continued growth while fostering greater collaboration and operational synergy.” Graco will gradually exit its Riverside campus in Minneapolis over the next two years and is planning construction of a new corporate headquarters on its existing campus in either Rogers or Dayton. The company will begin the process of preparing the campus for sale as part of this transition. Graco has operations in 12 countries and sells products in more than 100 countries worldwide. About Graco Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com. More News From Graco Inc.

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