Brady Corporation Acquires Carroll Australasia Pty. Ltd. in Australia
June 30 2006 - 9:00AM
PR Newswire (US)
MILWAUKEE, June 30 /PRNewswire-FirstCall/ -- Brady Corporation
(NYSE:BRC), a world leader in identification solutions and
specialty materials, today announced that it has acquired Carroll
Australasia Pty. Ltd., Sydney, New South Wales, Australia. Terms of
the transaction were not disclosed. Carroll is a leading supplier
and distributor of identification products for the electrical
industry, with a complete line of wiring accessory products
including prepared wire and cable markers, termination and
connection supplies, wire-bundling materials and electrical circuit
protection products. The company also markets to the automotive and
marine markets under the brand "Quikcrimp." Founded in 1977,
Carroll had sales of approximately $8 million (U.S.) in fiscal
2005. "Carroll and Brady are a natural fit. For example, Carroll
offers a bureau service to pre-print wire markers to customers'
specifications, while Brady has a long tradition of offering
customers a do-it-yourself wire-marking solution with a broad range
of printers and consumables. Combining these options will enhance
the offer to both our customers," said Brady Australia Managing
Director Stephen Millar. "In addition, Carroll shares our focus on
customer service, with an impressive commitment to same day
shipping on all orders received by 4:30 p.m." Brady's presence in
Australia dates back to 1970 when it opened its first sales office
there, with production operations added in 1979. Brady acquired
Visi Sign near Melbourne in 1999 and Safety Signs Service in
Western Australia in 2001. Earlier this year it acquired Accidental
Health & Safety and Trafalgar First Aid in New South Wales.
Today, Brady employs about 210 people in Australia and operates
from a 60,000 square-foot facility in Regents Park near Sydney.
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 300,000 customers in electronics, telecommunications,
manufacturing, electrical, construction, education, medical and a
variety of other industries. Brady is headquartered in Milwaukee
and employs more than 6,700 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.carroll.com.au/ . 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. DATASOURCE:
Brady Corporation CONTACT: Carole Herbstreit, +1-414-438-6882
(U.S.), or Stephen Millar, +1-61-2-8717-6300 (Australia), both for
Brady Corporation Web site: http://www.bradycorp.com/
http://www.carroll.com.au/ Company News On-Call:
http://www.prnewswire.com/comp/952350.html
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