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GRACO AUTHORIZES REPURCHASE OF 200,000 COMMON SHARES

 MINNEAPOLIS, Feb. 19 /PRNewswire/ -- Graco Inc. (NYSE: GGG) today announced that its Board of Directors has authorized a plan for the Company to purchase up to a total of 200,000 shares of its outstanding common stock. These common shares will be acquired through open-market purchases to be made from time to time. The shares to be acquired will be available for issuance to satisfy stock options and for other corporate purposes. The Company has 7,545,765 common shares outstanding.
 Under a previous authorization which recently expired, the Company repurchased 116,200 shares of its common stock during the period September 1990 through September 1992.
 Graco Inc. supplies technology and expertise for the management of fluids in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and apply fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries.
 -0- 2/19/93
 /CONTACT: Roger L. King, 612-623-6700, or David L.Schoeneck, 612-623-6679, both of Graco/
 (GGG)


CO: Graco Inc. ST: Minnesota IN: SU:

KH -- MN007 -- 8428 02/19/93 13:45 EST
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Publication:PR Newswire
Date:Feb 19, 1993
Words:195
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