MILWAUKEE, March 2 /PRNewswire-FirstCall/ -- Brady Corporation
(NYSE: BRC), a world leader in identification solutions and specialty
materials, today announced that it has acquired Accidental Health & Safety
Pty. Ltd., and its business unit Trafalgar First Aid Pty. Ltd., headquartered
in Glendenning, New South Wales, Australia. Terms of the transaction were not
disclosed.
Accidental Health & Safety and Trafalgar are leading suppliers and
distributors of customized first-aid kits and supplies, and related safety
products and signage for commercial enterprises in the Australian market. The
companies, which employ about 70 people, market through a national network of
distributors as well as a direct sales force, and serve customers in all
states in Australia. Its fiscal 2005 sales were approximately $9 million
(U.S.).
"The acquisition of Accidental and Trafalgar will reinforce Brady's
position as a leading provider of safety products and services in Australia by
increasing our access to industrial and commercial markets and providing an
expanded distribution network for our broader line of safety and workplace
identification products," said Brady Australia Managing Director Stephen
Millar.
"Joining Brady gives us a great opportunity to further grow our business,
and we look forward to working together to provide Australian customers the
finest in first-aid and safety supplies," said Tony de Rooy, Accidental Health
& Safety managing director.
Brady's presence in Australia dates back to 1970 when it opened its first
sales office there, with production operations added in 1979. Brady acquired
Visi Sign near Melbourne in 1999 and Safety Signs Service in Western Australia
in 2001. Today, Brady employs about 150 people in Australia and operates from
a 60,000 square-foot facility in Regents Park near Sydney.
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,
medical and a variety of other industries. Brady is headquartered in
Milwaukee and employs more than 5,500 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, http://www.afas.biz and
http://www.firstaid.com.au .
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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Related links:
http://www.bradycorp.com
http://www.afas.biz http://www.firstaid.com.au
Company News On-Call:
http://www.prnewswire.com/comp/952350.html
CONTACT:
U.S., Carole Herbstreit, +1-414-438-6882, or
Australia, Stephen Millar, +1-61-2-8717-6300, both of Brady
Corporation
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