MILWAUKEE, Jan. 3 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE: BRC),
a world leader in identification solutions and specialty materials, today
announced that it has acquired J.A.M. Plastics, Inc. of Anaheim, Calif., which
specializes in the sale and manufacture of security-related accessory products
including patented badge holders, lanyards and retractable badge reels.
J.A.M. had sales of approximately $10 million in its 2005 fiscal year and
employs about 80 people. Terms of the transaction were not disclosed.
"As security concerns continue to drive more organizations to issue and
upgrade identification cards, the demand for badge accessories also continues
to grow. J.A.M. has been a leader in the badge accessories market for over 40
years and has a strong reputation as an innovator in this market, with
products that are very complementary to our current security product and
personal identification offerings. This acquisition will enhance our ability
to offer a more complete line of people-identification products to both our
customers and J.A.M.'s established customer base including both Fortune 100
and Fortune 500 companies," said Tom Felmer, Brady vice president - Direct
Marketing Americas.
"Joining Brady provides us a unique opportunity to further grow our
business within the security marketplace. It's not often that you find a
company like Brady, with a strong sales and marketing infrastructure, and
products that fit so well with ours," said Bruce Buettell, president of J.A.M.
Plastics. "Our personal identification accessories, coupled with Brady
Temtec's security badges and Brady Stopware's visitor management software
products, bring a well-rounded solution for customers looking for the best in
personal security identification."
Brady Corporation is an international manufacturer and marketer of
complete solutions that identify and protect premises, products and people.
Its products help customers increase safety, security, productivity and
performance and include high-performance labels and signs, safety devices,
printing systems and software, and precision die-cut materials. Founded in
1914, the company has more than 300,000 customers in electronics,
telecommunications, manufacturing, electrical, construction, education and a
variety of other industries. Brady is headquartered in Milwaukee and employs
about 5,000 people in operations in the United States, Europe, Asia/Pacific,
Latin America and Canada. Brady's fiscal 2005 sales were approximately
$816 million. More information is available on the Internet at
http://www.bradycorp.com and http://www.badgeholder.com .
This news release contains "forward-looking statements" within the meaning
of the Private Securities Litigation Reform Act of 1995 -- that is, statements
related to future, not past events. In this context forward-looking
statements often address our expected future business and financial
performance, and often contain certain words such as "expect, anticipate,
intend, plan, believe, seek, will, or may." Forward-looking statements by
their nature address matters that are, to different degrees uncertain. For
us, uncertainties arise from future financial performance of major markets we
serve which include, without limitation, telecommunications, manufacturing,
electrical, construction, laboratory, education, governmental, public utility,
computer, transportation; future integration of and performance of acquired
businesses; fluctuations in currency rates versus the US dollar; technology
changes; interruptions to sources of supply; business interruptions due to
implementing business systems; and numerous other matters of national,
regional and global scale, including those of a political, economic, business,
competitive and regulatory nature and those identified in reports we file with
the SEC. These uncertainties may cause our actual future results to be
materially different than those expressed in our forward-looking statements.
We do not undertake to update our forward-looking statements.
SOURCE Brady Corporation
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