Exhibit 21

Subsidiaries of Graco Inc.

The following are subsidiaries of the Company as of December 30, 2022

Subsidiary	Jurisdiction of Organization	Ownership Type1	Percent Owned
Electric Torque Machines, Inc	Delaware, USA	Direct	100%
Gema Eastern Europe s.r.l.	Romania	Indirect	100%
Gema Europe s.r.l.	Italy	Indirect	100%
Gema México Powder Finishing, S. de R.L. de C.V.	Mexico	Direct & Indirect	100%
Gema (Shanghai) Co., Ltd.	P.R. China	Indirect	100%
Gema Switzerland GmbH	Switzerland	Indirect	100%
Gema USA Inc.	Minnesota, USA	Direct	100%
GFEC Free Zone Uruguay S.A.	Uruguay	Indirect	100%
GFEC Uruguay S.A.	Uruguay	Indirect	100%
Graco Australia Pty Ltd	Australia	Indirect	100%
Graco BV	Belgium	Indirect	100%
Graco Canada Inc.	Canada	Indirect	100%
Graco Chile SpA	Chile	Direct	100%
Graco Colombia S.A.S.	Colombia	Direct	100%
Graco Distribution BV	Belgium	Indirect	100%
Graco Finance Hong Kong Limited	Hong Kong, P.R. China	Direct	100%
Graco Fluid Equipment (Shanghai) Co., Ltd.	P.R. China	Direct & Indirect	100%
Graco Fluid Equipment (Suzhou) Co., Ltd.	P.R. China	Indirect	100%
Graco Fluid Handling (D) Inc.	Minnesota, USA	Direct	100%
Graco Fluid Handling (I) Inc.	Minnesota, USA	Direct	100%
Graco Global Holdings	Luxembourg	Direct	100%
Graco GmbH	Germany	Indirect	100%
Graco High Pressure Equipment Inc.	Minnesota, USA	Direct	100%
Graco Hong Kong Limited	Hong Kong, P.R. China	Indirect	100%
Graco India Private Limited	India	Indirect	100%
Graco International Holdings	Luxembourg	Indirect	100%
Graco K.K.	Japan	Indirect	100%
Graco Korea Inc.	South Korea	Indirect	100%
Graco Limited	England and Wales, UK	Indirect	100%
Graco Malaysia Sdn. Bhd.	Malaysia	Indirect	100%
Graco Minnesota Inc.	Minnesota, USA	Direct	100%
Graco Ohio Inc.	Ohio, USA	Direct	100%
Graco S.A.S.	France	Indirect	100%
Graco Serviços e Importação de Máquinas e Equipamentos em Geral Ltda.	Brazil	Indirect	100%
Graco Singapore Pte. Ltd.	Singapore	Direct	100%
Graco Solutions Inc.	Minnesota, USA	Direct	100%
Graco Trading (Shanghai) Co., Ltd.	P.R. China	Indirect	100%
Hi-Tech Spray Equipment, S.A.	Spain	Indirect2	89.5%
International Polymer Solutions Inc.	Delaware, USA	Indirect	100%
Landtec North America, Inc.	California, USA	Indirect	100%
Q.E.D. Environmental Systems, Inc.	Michigan, USA	Direct	100%
Q.E.D. Environmental Systems Limited	England and Wales, UK	Indirect	100%
SAT (Surface Aluminium Technologies) S.r.l.	Italy	Indirect	100%

Smith Surface Preparation Systems Inc.	Minnesota, USA	Direct	100%
Staffordshire Hydraulic Services Limited	England and Wales, UK	Indirect	100%
White Knight Fluid Handling Inc.	Minnesota, USA	Direct	100%

1     Ownership type indicates whether each subsidiary is directly owned by Graco Inc., indirectly owned by Graco Inc. through direct ownership by one or more of its subsidiaries, or a combination thereof.

2    10.5% of the shares of this subsidiary are held by three employees of the subsidiary.