Graco Inc. (NYSE:GGG) announced today that it reached a successful settlement in its patent and trademark infringement suit brought against Hong Kong-based Techtronic Industries Co. Ltd. (“TTI”) and TTI’s U.S.-based affiliates. Graco had brought suit in United States District Court for the District of Minnesota alleging that TTI’s RAP200 Paint Station Tool sold under the Ryobi brand name infringed Graco’s United States Patent No. 6,702,198 and federally registered BLUE trademark. Terms of the settlement were not disclosed.
“Graco is committed to innovation, and to the protection of its intellectual property rights,” said Dale D. Johnson, Graco’s Vice President and General Manager, Contractor Equipment Division. “We are pleased to have resolved this dispute on agreeable terms,” said Johnson.
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 spray fluid materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, and construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
Jodi Swanson, 612-623-6217