MILWAUKEE & AMSTERDAM, Netherlands–(BUSINESS WIRE)–Brady Corporation (NYSE:BRC) has announced that it has acquired Transposafe Systems, a specialist in security sealing and identification solutions for protecting assets during transport. Transposafe is headquartered near Amsterdam (The Netherlands), with operations in Belgium, Germany and Poland. Terms of the transaction were not disclosed.
Transposafe serves the banking, transport and healthcare industries, among others, with products ranging from security labels, self-adhesive seals and tamper-evident tape to self-sealing bags and secured envelopes for cash handling. The company, founded in 1991, had sales of approximately $26 million in 2006.
“Transposafe’s products protect and identify valuable consignments, and will be a substantive addition to Brady’s products that identify and protect premises, products and people. In addition, they have a loyal customer base, a proven direct-selling model and a strong management team that will further enhance our position as a provider of asset protection, fraud prevention and security products to the European market,” said Peter Sephton, president, Brady Europe.
“Brady provides a strong international infrastructure that will allow us to further grow the Transposafe business,” said Frans Wijnveld, Transposafe co-founder and managing director.
“We and our colleagues look forward to being part of the Brady team and offering Transposafe products to their customers,” added co-founder and Managing Director Ger Wolters.
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 500,000 customers in electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee and employs more than 8,600 people at operations in the Americas, Europe and Asia/Pacific. Brady’s fiscal 2007 sales were approximately $1.363 billion. More information is available on the Internet at www.bradycorp.com, and www.transposafe.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 Annual Report on Form 10-K for the period ended July 31, 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.