3rd August 2020

Positive changes for Alco Valves Group

As of Friday 10th July, Arkle Partners Ltd, purchased the Alco Valves Group Ltd from Graco Inc.

Arkle Partners is a UK based entrepreneurial investor specialising in unearthing opportunities to create value in companies that do not align with the core business activities in large groups or conglomerates. Arkle have seen significant opportunity in Alco and are excited to work in partnership with staff and management to target growth and commercial success with an ethical and community-minded approach.

This is an extremely positive move for the Alco business and at the forefront of this new venture will be the focus on enhancing our operations to better serve our customers. Our commitment to all existing orders and quotations will remain unchanged.

After a short transitional period, Jochen Hennes (Managing Director) and Josh Malmquist (Production Director) will be leaving Alco to remain with Graco. All other key professionals that you have come to know and rely on remain unchanged. Please feel free to reach out to them as you have done in the past.

Thank you for taking the time to read this letter and we hope that you can continue to rely on Alco for trusted valve solutions. If you have any questions or concerns, please do not hesitate to get in touch.