Corob S.p.A.
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Corob S.p.A. - overview
Established
1984
Location
Modena, -, Italy
Primary Industry
Industrial Machinery
About
Corob S. p. A. specializes in advanced dispensing and mixing solutions for various industries, including paints, coatings, and food.
The company is dedicated to providing innovative products that enhance operational efficiency and quality control for its clients. Founded in 1984, Corob S. p. A.
is headquartered in Modena, Italy, and focuses on dispensing technologies. In September 2024, Graco Inc. acquired the company for EUR 230 million. Erik Bothorel is the current CEO.
Corob S. p. A. has completed four deals to date, with the most recent deal occurring on September 26, 2024, resulting in total funding raised of EUR 230 million.
Corob specializes in the development and manufacturing of advanced dispensing and mixing solutions, primarily targeting sectors such as paints, coatings, inks, specialty chemicals, cosmetics, and food and beverages. The company offers a comprehensive range of products, including volumetric dispensers for accurate color mixing and weight-based dispensers that enhance operational efficiency. These systems are designed to improve productivity and ensure quality across factory environments and retail outlets. Corob’s clientele includes paint manufacturers, retailers, and industrial businesses across Europe, North America, and Latin America.
In the most recent fiscal year 2023, Corob reported a revenue of EUR 51,731,705. 50 and an EBITDA of EUR 6,570,051. 70. The company generates revenue through direct sales and business-to-business partnerships, focusing primarily on paint manufacturers and retailers, with key products contributing significantly to sales.
Following its acquisition by Graco Inc. in September 2024, Corob S. p. A.
plans to leverage the resources and networks of its new parent company to enhance its presence in the paint and coating machinery manufacturing industries. The acquisition aims to support Corob's growth initiatives, including the development of new products and expansion into emerging markets. Specific markets targeted for expansion have not yet been disclosed; however, the emphasis will likely be on integrating Graco's operational efficiencies and market reach to better serve existing and new clients.
Current Investors
Wise Equity, Ardian
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery
Website
www.corob.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Corob S.p.A. - timeline of key events
Corob S.p.A. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Corob S.p.A. | - | ||||||||
| Secondary Buyout | Completed | Corob S.p.A. | - | ||||||||
| Add-on | Completed | Novaflow Systems Inc | - | ||||||||
| Secondary Buyout | Completed | Corob S.p.A. | - | ||||||||
| Buyout | Completed | Corob S.p.A. | - |
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Corob S.p.A. - employee data
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