FORT WORTH, Texas, June 8, 2017 /PRNewswire/ -- Graco Supply Company ("Graco") has announced that it has sold the business assets of the Ball Ground aircraft sealant repackaging business (Ball Ground) to Royal Adhesives & Sealants LLC ("Royal").
Based in Ball Ground, GA, the business provides point-of-use Pre-Mixed and Frozen aircraft sealants and other unique packaging and application kits to aircraft manufacturers and their subcontractors.
"The sale of the Ball Ground facility to a trusted supplier/partner in Royal will enable Graco to reap the benefit of many years of hard work and excellent performance by the Ball Ground team at a time when sealant packaging capacity is in high demand. It will facilitate further growth for the Ball Ground site and allow Graco to focus on its core mission of providing critical materials and value-added services to the aerospace and defense industries through distribution and vendor managed inventory engagements," said Steve Novakovich, Chief Executive Officer of Graco Supply.
About Ball Ground
The Ball Ground business was started by Graco in 2007. Under the leadership of General Manager Randy Wilt, it has grown into an industry leader in quality and service. Ball Ground is an ISO 9001: 2008, AS9100C, AS9120A, and NADCAP registered facility.
About Graco Supply Company
Founded in 1959 and headquartered in Fort Worth, Texas, Graco is a leading value-added distributor of chemicals, specialty materials, consumables and related services to the aerospace and defense industries. Graco's extensive product line card consists of paints and other coatings, sealants, adhesives, surface treatments, composite materials and other shop consumables used in the manufacture and maintenance, repair, and overhaul of commercial, business and military aircraft. Graco also provides value-added services including custom repackaging, temperature-sensitive material handling, tinting and supply chain management capabilities. For additional information on Graco Supply, please visit www.gracosupply.com.
About CM Equity Partners, LP
CMEP is a private equity firm focused primarily on the federal services and aerospace and defense industries. Since its founding in 1992, CMEP has made more than 60 acquisitions and investments and has been responsible for managing nearly $500 million of equity investments and raising nearly $1.1 billion in debt. CMEP's team brings an active and collaborative management approach to its investments by partnering with management teams, developing long-term strategic plans and supporting re-investment of profits to grow and broaden a company's revenue base and capabilities. Additional information about CMEP is available at www.cmequity.com.
CMEP is associated with Carl Marks & Co., a private family investment office with merchant banking activities dating to 1925. Additional information about Carl Marks & Co. is available at www.carlmarks.com.
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SOURCE Graco Supply Company