MINNEAPOLIS, MN - Graco Inc. announces that it has acquired the Airlessco spray painting assets of Durotech Co. Graco also announces that it has completed the acquisition of the LubeSci automated lubrication assets of Lubrication Scientifics, Inc.

In 2007, the Airlessco and LubeSci businesses had combined annual sales of approximately $17 million. The aggregate purchase price for these assets is approximately $20 million. The company expects to complete the transfer of the LubeSci assets to Graco's Anoka facility by the end of the first quarter of 2009. The Airlessco business will remain at its current location in Moorpark, California.