Graco Hit With Antitrust Class Action Over Rival Buys

Law360, New York (June 17, 2013, 7:52 PM EDT) -- Graco Inc. was hit with a proposed class action Monday in Pennsylvania federal court by a California insulation company that alleges Graco bought two rivals in the spray foam equipment market in an anti-competitive plot to acquire most of the market and increase prices.

Insulate SB says that distributors who sell foam installation equipment to contractors used to sell multiple brands until Graco bought Gusmer Corp. in 2005 and GlasCraft Inc. in 2008. Those acquisitions gave Graco more than 90 percent of the market and allegedly...
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