MINNEAPOLIS--(BUSINESS WIRE)--Jan. 5, 2015--
Graco Inc. (NYSE:GGG) is saddened by the passing of David A. Koch, a
retired past President, CEO, and Chairman. Mr. Koch became President of
the Gray Company in 1962. Mr. Koch led the initiative to take the
Company public in 1969, as Graco Inc., when reported revenues were $33
million. Mr. Koch retired as CEO in 1996, but served as the Company’s
Chairman of the Board until 2001, when company revenues approached
nearly $500 million.
“During his long tenure leading Graco, Mr. Koch established a culture of
ethics and integrity that remains firmly rooted in our company today,”
said current President and CEO, Patrick J. McHale. “He cared deeply for
our company and our employees, and was a personal role model for me.”
“Communities throughout the Twin Cities also benefitted from his
commitment to a wide variety of charitable causes, both through the
Graco Foundation as well as his personal giving campaigns,” continued
McHale. “He was an enormously successful business leader and a fixture
in our community. He will be missed by all who knew him or benefited
from his generous nature.”
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
or on Twitter @GracoInc.
Source: Graco Inc.
Graco Inc.
James A. Graner, 612-623-6635
or
Media:
Bryce
Hallowell, 612-623-6679
bhallowell@graco.com