MINNEAPOLIS-Graco Inc. has acquired Liquid Control Corp. (North Canton, OH) and all its affiliated companies, including Decker Industries (Palm City, FL), Liquid Control Ltd. (Wellingborough, UK) and Profill Corp. (North Canton, OH).
According to Liquid Control president Kenneth A. Jacobs, Graco will retain the Liquid Control name and brands, operating the company as a subsidiary of Graco Inc. Liquid Control chairman and founder William Schiltz will be retiring with Jacobs continuing on as president of the new subsidiary. Jacobs says there are no plans to lay off any of Liquid Control's existing workforce, and all of the company's department directors and managers have agreed to stay on in their existing capacities.