MILWAUKEE, June 30 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE:
BRC), a world leader in identification solutions and specialty materials,
today announced that it has acquired Carroll Australasia Pty. Ltd., Sydney,
New South Wales, Australia. Terms of the transaction were not disclosed.
Carroll is a leading supplier and distributor of identification
products for the electrical industry, with a complete line of wiring
accessory products including prepared wire and cable markers, termination
and connection supplies, wire-bundling materials and electrical circuit
protection products. The company also markets to the automotive and marine
markets under the brand "Quikcrimp." Founded in 1977, Carroll had sales of
approximately $8 million (U.S.) in fiscal 2005.
"Carroll and Brady are a natural fit. For example, Carroll offers a
bureau service to pre-print wire markers to customers' specifications,
while Brady has a long tradition of offering customers a do-it-yourself
wire-marking solution with a broad range of printers and consumables.
Combining these options will enhance the offer to both our customers," said
Brady Australia Managing Director Stephen Millar. "In addition, Carroll
shares our focus on customer service, with an impressive commitment to same
day shipping on all orders received by 4:30 p.m."
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. Earlier this year it acquired Accidental Health
& Safety and Trafalgar First Aid in New South Wales. Today, Brady employs
about 210 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 6,700 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.carroll.com.au .
Brady believes that certain statements in this news release are
"forward- looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. All statements related to future, not past,
events included in this news release, including, without limitation,
statements regarding Brady's future financial position, business strategy,
targets, projected sales, costs, earnings, capital expenditures, debt
levels and cash flows, and plans and objectives of management for future
operations are forward-looking statements. When used in this news release,
words such as "may," "will," "expect," "intend," "estimate," "anticipate,"
"believe," "should," "project" or "plan" or similar terminology are
generally intended to identify forward-looking statements. These
forward-looking statements by their nature address matters that are, to
different degrees, uncertain and are subject to risks, assumptions and
other factors, some of which are beyond Brady's control, that could cause
actual results to differ materially from those expressed or implied by such
forward-looking statements. For Brady, uncertainties arise from future
financial performance of major markets Brady serves, 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; Brady's ability to retain
significant contracts and customers; future competition; Brady's 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; Brady's ability to realize
cost savings from operating initiatives; Brady's ability to attract and
retain key talent; difficulties associated with exports; risks associated
with international operations; fluctuations in currency rates versus the US
dollar; technology changes; potential write-offs of Brady's 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 contained
from time to time in Brady's U.S. Securities and Exchange Commission
filings, including, but not limited to, those factors listed in the "Risk
Factors" section located in Item 1A of Part II of Brady's Quarterly Report
on Form 10-Q for the period ended April 30, 2006. These uncertainties may
cause Brady's actual future results to be materially different than those
expressed in its forward-looking statements. Brady does not undertake to
update its forward-looking statements.
SOURCE Brady Corporation
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Related links:
http://www.bradycorp.com
http://www.carroll.com.au
http://www.prnewswire.com/comp/952350.html/
CONTACT:
Carole Herbstreit, +1-414-438-6882 (U.S.), or
Stephen Millar, +1-61-2-8717-6300 (Australia), both for Brady
Corporation
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