Brady Corporation Announces Divestiture of Its Medical Die-Cut Business in Mesquite, Texas
MILWAUKEE--(BUSINESS WIRE)-- Brady Corporation (BRC), a world leader in identification solutions, announced today that it has sold all assets of Brady Precision Converting, LLC, a wholly-owned subsidiary of Brady Corporation doing business as Brady Medical in Mesquite, Texas. Brady Medical specializes in manufacturing and converting die-cut products for the medical and diagnostic industry. The business employs about 90 people. All assets of Brady Medical are being purchased by Strukmyer, LLC. Other details of the transaction were not disclosed.
Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Bradys 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 millions of customers in electronics, telecommunications, manufacturing, electrical, construction and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2011 employed approximately 6,500 people at operations in the Americas, EMEA and Asia-Pacific. Bradys fiscal 2011 sales were approximately $1.34 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available on the Internet at www.bradycorp.com.
Media contact: Carole Herbstreit, (414) 438-6882 (U.S.)
Investor contact: Aaron Pearce, (414) 438-6895
Source: Brady CorporationCopyright Business Wire 2012