MILWAUKEE and MINNEAPOLIS, Oct. 20 /PRNewswire-FirstCall/ -- Brady
Corporation (NYSE: BRC), a world leader in identification solutions and
precision die-cut materials, today announced that it has acquired TruMed,
Inc., Burnsville, Minn. Terms of the transaction were not disclosed.
TruMed, founded in 1994, is an established converter of disposable
products and components for manufacturers in the medical device, diagnostic,
personal care and industrial markets. Specializing in process design and
engineering, TruMed integrates printing, laminating, die cutting, assembly and
in-line packaging for healthcare products including blood glucose test strips,
electrodes, wound closures and dressings, transdermal patches, cosmetic
patches, hydrogel pads, defibrillator pads and other medical supplies.
The company is FDA Drug & Device registered and had sales of approximately
$5 million in fiscal 2005.
"The acquisition of TruMed increases our presence in the healthcare
market, particularly accelerating our growth in medical converting by
delivering expertise and focus to this strategic market opportunity, and
expanding our manufacturing capability and customer reach," said Scott
Hoffman, Brady vice president, global die-cut operations.
"Brady brings us a global infrastructure and resources to further grow our
business," said TruMed founder and President Katy Trudeau. "In addition, we
share a business culture of customer focus, quality and integrity, and we look
forward to working with the Brady team to deliver even more value to our
customers."
Brady Corporation is an international manufacturer and marketer of
complete identification solutions and specialty materials that help customers
increase safety, security, productivity and performance. Its products include
high-performance labels and signs, printing systems and software, label-
application and data-collection systems, safety devices 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 nearly 4,500 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 and http://www.trumedtech.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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