BRC Brady Corp

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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