Graco, Inc. designs, manufactures and markets premium equipment to pump, meter, mix and dispense a wide variety of fluids and coatings. It operates through the following segments: Industrial, Contractor and Lubrication. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division. It markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Contractor segment directs its product development, sales and marketing efforts toward three broad applications: paint, texture, and pavement maintenance. The Lubrication segment focuses its engineering, marketing and sales efforts on two main lubrication applications: vehicle services and industrial lubrication. The company was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.