Graco Buys GlasCraft

Cohesant Technologies Inc. will sell its GlasCraft Inc. subsidiary in Indianapolis to Graco Inc., Minneapolis. GlasCraft claims to have developed the first spray-up system for FRP composites nearly 45 years ago and still makes dispensing systems for open- and closed-mold FRP manufacturing, PUR foam, and polyurea coatings. Graco, a specialist in liquid dispensing and spraying, bought Liquid Control and Decker Industries in 2004, two other makers of dispensing and spraying equipment for FRP and PUR, and also accquired Gusmer in 2005, a major PUR machinery supplier.