MILWAUKEE, Oct. 27 /PRNewswire-FirstCall/ -- Brady Corporation
(NYSE: BRC), a world leader in identification solutions and precision die-cut
materials, announced that it has acquired QDPT (Thailand) Co. Ltd., in
Wangnoi, Ayutthaya, Thailand. QDPT designs and manufactures high-precision
components for the electronic, medical and automotive industries, specializing
in precision laminating, stamping and contract assembly. Terms of the
transaction were not disclosed.
Founded in 1997, the company employs 215 people and had sales of about
$2.3 million (U.S.) in fiscal 2005. A leading supplier of precision stamped
metal and adhesive parts to the electronics industry, QDPT has developed
special techniques and processes for the manufacture and assembly of high
precision thin-laminate materials which are used to dampen noise and vibration
inside hard disk drives and other miniaturized electronics. The company's
advanced tooling capabilities, automated manufacturing and clean room
processing help to meet the most stringent needs of major electronic
manufacturers.
"Thailand, as the second largest producer in the world of hard disk
drives, is a key location for Brady. The acquisition of QDPT represents a
continuation of our Thai geographic strategy as well as an expansion of our
global presence as a manufacturer of precision die-cut products," said Scott
Hoffman, Brady vice president, global die-cut operations. "Their expertise in
developing unique solutions to specific customer needs, particularly for the
hard-disk-drive industry, strong manufacturing capabilities and good customer
relationships will further help us meet the needs of our global customers."
Brady's global die-cut business currently has manufacturing operations in
the United States, China, Singapore, Malaysia, Thailand, Brazil, and Germany.
Its products include custom die-cut and precision specialty materials for use
in a wide range of devices such as computers, disk drives, two-way radios,
cellular phones, and consumer electronic equipment. It has globally networked
systems and operations aligned to support worldwide design centers and provide
local service and delivery.
This is the second acquisition Brady has made in Thailand in recent
months. In July the company acquired label manufacturer Technology Print
Supplies in Laem Chabang.
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.qdpt.co.th .
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.qdpt.co.th
Company News On-Call:
http://www.prnewswire.com/comp/952350.html
CONTACT:
Carole Herbstreit (US), +1-414-438-6882, or
Cheng Huang Lim (Singapore), 65-6477-7261, both of Brady
Corporation
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