Business
Major Supply Agreement with Graco, Inc
Major Supply Agreement with Graco, Inc.
About this update from Hardide Plc
[{"type":"text","content":"\n \nRNS Number : 7373F Hardide PLC 22 May 2017 \n\n \n\n\n\n\n\n\n\n22 May 2017\n\n\n\n\n \nHardide plc\n(\"Hardide\" or \"the Group\" or \"the Company\")\nMajor Supply Agreement with Graco, Inc\n \nHardide plc (AIM: HDD), the provider of advanced surface coating technology, is pleased to announce that Group company Hardide Coatings Limited has signed a new seven-year supply agreement with Graco Inc. of Minneapolis, USA for the coating of various pump components. The agreement follows on from an existing agreement which expires in 2017. It is expected to be worth in excess of US$4m over the period and helps to underpin the Board's current year forecasts. \n \nThe majority of the orders will be fulfilled from the Company's US production facility in Martinsville, Virginia.\n \nPhilip Kirkham, CEO of Hardide plc said: \"We have built up an excellent working relationship with Graco over the years and continue to work with them to maximise the performance of different pump components for a number of end-user markets.\"\n \nGraco, founded in 1926 is a world leader in fluid handling systems and 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. Graco is quoted on the New York Stock Exchange (NYSE:GGG).\n \n- Ends -\nFor further information:\n\n\n\n\nHardide plc\nPhilip Kirkham, CEO\nJackie Robinson, Communications Manager\n\n\nTel: +44 (0) 1869 353 830\n\n\n\n\n \nfinnCap\nStuart Andrews /Henrik Persson/James Thompson\n\n\n \n \nTel: +44 (0)20 7220 0500 \n \n\n\n\n\nIFC Advisory\nGraham Herring/Heather Armstrong\n\n\n \nTel: +44 (0)20 3053 8761\n\n\n\n\n \nNotes to editors:\nwww.hardide.com\nHardide develops, manufactures and applies advanced technology tungsten-carbide coatings to a wide range of engineering components. Its patented technology is unique in combining, in one material, a mix of toughness and resistance to abrasion, erosion and corrosion; together with the ability to coat accurately interior surfaces and complex geometries. The material is proven to offer dramatic improvements in component life,...