Graco Inc (Graco) designs, manufactures, and markets systems and equipment for moving, measuring, mixing, controlling, dispensing, and spraying fluid and powder materials. The company focuses on niche markets, offering equipment solutions for materials with high viscosities, abrasive or corrosive properties, and multiple component materials requiring precise ratio control. Graco serves a variety of industries, including automotive, aerospace, construction, food and beverage, oil and natural gas, and semiconductor manufacturing. Graco manufactures a majority of its products in the US, with additional manufacturing facilities in Switzerland, Italy, China, India, Belgium, and Romania.

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Graco's R&D initiatives are primarily focused on product development, with significant investments made to enhance product capabilities and develop new applications for existing technologies. The efforts are aimed at automation, configurability, and integration with end-user manufacturing and business systems, with an increased emphasis on data and analytics. The company consistently invests in new products, upgrading current product lines to provide additional features and benefits, and developing products that can penetrate new industries and applications. The R&D units of the company are located in various facilities in the US, Switzerland, Italy, Spain, China, and other locations. These units are responsible for managing the company's R&D activities, focusing on innovation, product differentiation, and expanding into new geographic and market segments. In FY2025, the company spent US$34.9 million on research and development, which as a percentage of revenue, stood at 1.5%.