MILWAUKEE, July 3 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE:
BRC), a world leader in identification solutions and precision die-cut
components, today announced that it has completed its acquisition of Daewon
Industry Corporation, a Korean manufacturer of self-adhesive components for
the mobile phone industry.
Daewon had fiscal 2005 sales of approximately $40 million (U.S.), and
employs 250 people in South Korea and China. The company provides
precision-cut adhesives, films, protective tapes, shielding, acoustic
components, and insulators to Korean mobile handset manufacturers such as
Samsung and other electronic manufacturers.
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 .
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.prnewswire.com/comp/952350.html /
CONTACT:
Investors, Barbara Bolens, +1-414-438-6940,
or Media, Carole Herbstreit, +1-414-438-6882, both of Brady
Corporation
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