September 21, 2009, 2009 (FinancialWire) — Graco Inc.’s (NYSE: GGG) board has authorized the company to purchase up to six million shares of its outstanding common stock from now through September 30, 2012.

The new authorization is in addition to the roughly three million shares Graco has available under its current repurchase authorization, which expires on September 30, 2009.

Minneapolis-based Graco offers systems, products and technology used in a range of fluid handling applications including spray finishing and paint circulation, lubrication, sealant and adhesives, processing. The company also offers power application equipment for the contractor industry.

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