MILWAUKEE, May 23 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE:
BRC), a world leader in identification solutions and precision die-cut
components, today announced that it had completed its acquisition of Tradex
Converting AB.
Tradex, with fiscal 2005 sales of approximately SEK 680 million
(approximately $90 million, based on current exchange rates), is a leading
manufacturer and supplier of pressure sensitive, die-cut components for the
mobile handset and electronics industries. It employs about 1,000 people in
operations in Sweden, China, South Korea and Brazil.
Brady Corporation is an international manufacturer and marketer of
complete solutions that identify and protect premises, products and people.
Its products 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 about 6,500 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 .
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;
difficulties in making and integrating acquisitions; risks associated with
newly acquired businesses; our ability to retain significant contracts and
customers; future competition; our ability to develop and successfully
market new products; changes in the supply of, or price for, parts and
components; increased price pressure from suppliers and customers;
interruptions to sources of supply; environmental, health and safety
compliance costs and liabilities; our ability to realize cost savings from
our operating initiatives; our ability to attract and retain key talent;
difficulties associated with exports; risks associated with our
international operations; fluctuations in currency rates versus the US
dollar; technology changes; potential write-offs of our substantial
intangible assets; risks associated with obtaining governmental approvals
and maintaining regulatory compliance for new and existing products;
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
back to top
