BRC Brady Corp

MILWAUKEE, Aug. 16 /PRNewswire-FirstCall/ -- Brady Corporation (NYSE:BRC), a world leader in identification solutions and specialty materials, today announced that it has acquired Comprehensive Identification Products, Inc. (CIPI), headquartered in Burlington, Mass. Terms of the transaction were not disclosed. CIPI is a market leader in badging accessories used to identify and track employees and visitors in a variety of settings including businesses, healthcare facilities, and government buildings. Products include lanyards, badge reels, badge holders, strap clips, neck chains, luggage tags and badging equipment such as card printers, software and supplies. Founded in 1966, CIPI serves the security and identification, advertising specialty and promotional products industries, and markets through a network of resellers and distributors. The business had sales of approximately $31 million in fiscal 2005 and currently employs 900 people at operations in the U.S., Netherlands, Hong Kong and China. "CIPI fits well in our strategy to grow our People Identification offering. As a recognized leader in the industry, CIPI brings a national sales force and established global distribution channels as well as an international manufacturing base to help us best serve customers looking for the most efficient ways to identify and track employees and visitors within their facilities," said Tom Felmer, Brady vice president - Direct Marketing Americas. "Joining Brady's People Identification businesses creates a platform for further growth for ourselves and our partners, and will provide our customers with a one-stop shop for all of their People ID needs," said Peter K. Scott, CIPI chairman and chief executive officer. CIPI President and Chief Operating Officer Bill Kieckhafer added, "We look forward to working with the Brady team. They bring a solid track record of investment in new product development, a robust product offering and a global infrastructure that combined with CIPI's strengths will allow us to bring even more value to our customers." 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 7,000 people at operations in the Americas, Europe and Asia/Pacific. Brady's fiscal 2005 sales were approximately $816 million. More information is available on the Internet at http://www.bradycorp.com/ and http://www.compid.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 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, Brady Corporation, +1-414-438-6882 Web site: http://www.bradycorp.com/ http://www.compid.com/ Company News On-Call: http://www.prnewswire.com/comp/952350.html

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