This statement on Schedule 13D relates to the Common Stock, par value $0.001 per share (the “Common Stock”), of Cohesant Technologies Inc., a Delaware corporation (“Cohesant”). The address of Cohesant’s principal executive offices is 5845 West 82nd Street, Suite 102, Indianapolis, Indiana 46278.

(a) ndash; (c)        This statement is filed by Graco Inc., a Minnesota corporation (“Graco”). The address of Graco’s principal business and principal office is 88 11th Avenue Northeast, Minneapolis, Minnesota 55413. Graco 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.

Certain information with respect to the executive officers and directors of Graco is set forth on Schedule A, which is incorporated herein by reference.

(d)        During the last five (5) years, neither Graco nor, to the best of Graco’s knowledge, any of the persons listed on Schedule A, has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

(e)         During the last five (5) years, neither Graco nor, to the best of Graco’s knowledge, any of the persons listed on Schedule A, has been a party to any civil proceeding of a judicial or administrative body of competent jurisdiction resulting in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

(f)        Each of the persons listed on Schedule A is a citizen of the United States, except for Simon J. W. Paulis, who is a citizen of the Netherlands.

As described in response to Item 4, each of Morton A. Cohen, Morris H. Wheeler, Robert W. Pawlak and Clarion Capital Corporation (each, a “Stockholder” and, collectively, the “Stockholders”) entered into a Voting and Support Agreement (as defined below) with Graco as an inducement to Graco to enter into the Merger Agreement (as defined below) described in Item 4. Graco did not pay additional consideration to the Stockholders in connection with the execution and delivery of the Voting and Support Agreements. In addition, the Stockholders granted Graco an irrevocable proxy for the purpose of voting the shares covered by the Voting and Support Agreements. Graco expects the consideration to be paid to the holders of Common Stock following consummation of the Merger (as defined below) will be provided from the credit facility of Graco and its subsidiaries.

(a) – (b)On December 3, 2007, Graco, Graco Indiana Inc., a Delaware corporation and a direct wholly owned subsidiary of Graco (“Merger Sub”), Cohesant, CIPAR Inc., a Delaware corporation and a direct wholly owned subsidiary of Cohesant (“CIPAR”), and GlasCraft Inc., an Indiana corporation and a direct wholly owned subsidiary of Cohesant (“GlasCraft”), entered into an Agreement and Plan of Merger (the “Merger Agreement”). In addition, on December 3, 2007, Cohesant and CIPAR entered into a Separation Agreement (the “Separation Agreement”). The Separation Agreement contemplates that, immediately prior to the effective time of the Merger (as defined below), Cohesant will spin-off all of its non-GlasCraft business operations through a distribution of CIPAR stock (the “Spin-off”). Accordingly, at the effective time of the Merger, GlasCraft will be Cohesant’s sole subsidiary. The Merger Agreement provides for the merger of Merger Sub with and into Cohesant (the “Merger”), with Cohesant continuing as the surviving corporation in the Merger, upon the terms and subject to the conditions set forth in the Merger Agreement. Following the Merger, Cohesant will continue as a direct wholly owned subsidiary of Graco, and GlasCraft will continue as a direct wholly owned subsidiary of Cohesant and an indirect wholly owned subsidiary of Graco. A copy of the Merger Agreement is included as Exhibit 1 hereto, which is incorporated herein by reference. The description of the Merger Agreement contained herein is qualified in its entirety by reference to Exhibit 1.

In connection with the execution of the Merger Agreement, in order to induce Graco to enter into the Merger Agreement, each of the Stockholders entered into a Voting and Support Agreement with Graco, in each case dated as of December 3, 2007 (each, a “Voting and Support Agreement ” and, collectively, the “Voting and Support Agreements ”). Pursuant to the Voting and Support Agreements, each Stockholder has agreed, among other things, subject to the terms and conditions of the Voting and Support Agreements: (a) to appear at any meeting of the stockholders of Cohesant or otherwise cause all outstanding shares of Common Stock owned by him or it to be counted as present for quorum purposes; (b) to vote all outstanding shares of Common Stock owned by him or it in favor of the approval and adoption of the “agreement of merger” (as such term is used in Section 251 of the Delaware General Corporation Law) contained in the Merger Agreement and any action required in furtherance thereof; (c) to vote all outstanding shares of Common Stock owned by him or it against any acquisition transaction other than the Merger and against any other transaction or proposal which could reasonably be expected to prevent or materially impede or delay the consummation of the Merger or to deprive Graco of any material portion of the benefits anticipated by Graco to be received from the Merger or change the voting rights of the Common Stock; (d) to appoint Graco as his or her attorney and proxy in accordance with the Delaware General Corporation Law for purposes of securing the voting commitments described above; and (e) subject to certain limited exceptions, to not transfer, assign, sell, gift-over, pledge or otherwise dispose of or encumber any or all of the shares of Common Stock or options to acquire shares of Common Stock owned by him or it. The Voting and Support Agreements were executed by the Stockholders solely in their respective capacities as stockholders of Cohesant.

Each Voting and Support Agreement terminates upon the earliest to occur of: (i) the effective time of the Merger; (ii) the termination of the Merger Agreement; and (iii) the mutual agreement of the parties to such Voting and Support Agreement. The name of each Stockholder and the number of shares of Common Stock held by such Stockholder and subject to the applicable Voting and Support Agreement are set forth in Item 5. A copy of the Voting and Support Agreement between Graco and Morton A. Cohen is included as Exhibit 2 hereto, a copy of the Voting and Support Agreement between Graco and Morris H. Wheeler is included as Exhibit 3 hereto, a copy of the Voting and Support Agreement between Graco and Robert W. Pawlak is included as Exhibit 4 hereto and a copy of the Voting and Support Agreement between Graco and Clarion Capital Corporation is included as Exhibit 5 hereto. The description of the Voting and Support Agreements contained herein is qualified in its entirety by reference to Exhibits 2, 3, 4 and 5, each of which is incorporated herein by reference.

(d)        Pursuant to the Merger Agreement, at the effective time of the Merger, the directors and executive officers of Merger Sub immediately prior to the Merger will become the directors and executive officers of the surviving corporation until the earlier of their resignation or removal or until their respective successors are duly elected and qualified.

(f)        During the period from the date of the Merger Agreement to the earlier of the effective time of the Merger and the termination of the Merger Agreement, the Merger Agreement prohibits Cohesant from paying any dividends on any capital stock of Cohesant (except for a semi-annual cash dividend declared prior to the date of the Merger Agreement and described in the Merger Agreement). In addition, prior to the effective time of the Merger, Cohesant will consummate the Spin-off in accordance with the Separation Agreement.

(g)        Pursuant to the Merger Agreement, (i) the certificate of incorporation of the surviving corporation in the Merger will be amended as of the effective time of the Merger to reflect the provisions of Merger Sub’s certificate of incorporation, and (ii) the By-laws of Merger Sub as in effect immediately prior to the effective time of the Merger will be the bylaws of the surviving corporation in the Merger.

(h)-(i)   Upon consummation of the Merger, the Common Stock will be delisted from the Nasdaq National Market and will become eligible for termination of registration pursuant Section 12(g)(4) of the Securities Exchange Act of 1934.

(j)        Other than as described above, Graco currently has no plans or proposals which relate to, or may result in, any of the matters listed in Items 4(a)-(i) of Schedule 13D (although Graco reserves the right to develop such plans).

(a) – (b)By virtue of the Voting and Support Agreements, Graco may be deemed to share with the Stockholders the power to vote the shares of Common Stock subject to the Voting and Support Agreements. Accordingly, as of the date hereof, by virtue of the Voting and Support Agreements, Graco may be deemed to be the beneficial owner of 1,524,148 shares of Common Stock, which represent 44.5%of the issued and outstanding shares of Common Stock as of November 30, 2007, based on Cohesant’s representation in the Merger Agreement that there were 3,357,809 shares of Common Stock issued and outstanding at that date. Of the 1,524,148 shares of Common Stock which Graco may be deemed to beneficially own, 1,458,148 are issued and outstanding on the date hereof and 66,000 could be purchased under stock options exercisable within 60 days.

The following chart set forth the names of the Stockholders, the number of their shares of Common Stock (including shares issued and outstanding on the date hereof and shares which may be purchased under stock options exercisable within 60 days), and the percentage of Cohesant’s issued and outstanding shares of Common Stock represented by such shares of Common Stock:

Pursuant to Rule 13d-4 under the Act, this Schedule 13D shall not be deemed an admission that Graco is, for purposes of Section 13(d) of the Act, the beneficial owner of any of the equity securities of Cohesant that are subject to the Voting and Support Agreements. Except as set forth in this Item 5, neither Graco nor, to the best of Graco’s knowledge, any person identified on Schedule A hereto, beneficially owns any shares of Common Stock.

(c)          Except as described in this Schedule 13D, there have been no transactions in the shares of Common Stock effected by Graco or, to the best of Graco’s knowledge, any person identified on Schedule A hereto, during the last 60 days.

The information set forth under Items 3, 4 and 5 of this Schedule 13D and the agreements and other documents set forth on the Exhibits attached hereto are incorporated herein by reference. To the best knowledge of Graco, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 or between any of such persons and any other person with respect to any securities of Cohesant, including but not limited to transfer or voting of any of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss or the giving or withholding of proxies, or a pledge or contingency the occurrence of which would give another person voting power or investment power over the securities of Cohesant.