BRC Brady Corp

Brady Corporation (NYSE:BRC), a world leader in identification solutions, today announced that it has acquired Scafftag Ltd. and its affiliate Safetrak, Ltd., both in Barry, Wales, U.K. The acquisition also includes purchase of Scafftag Pty., Ltd. in Perth, Australia. Terms of the transaction were not disclosed. Founded in 1983, Scafftag is an industry leader in safety identification and facility management products in the U.K. It specializes in products that help companies meet legislative requirements for safety standards in the oil and gas, construction, and scaffolding industries. Its products include safety tags and weatherproof holders, safety manuals for inspection processes, lockout/tagout devices, valvetags and software systems for asset inspection management. With sales of approximately �4 million (USD 8 million U.S.) in 2006, the company employs about 45 people in its global operations. Scafftag also operates sales offices in Houston, Texas and in Dubai. �Scafftag is a strong strategic fit to Brady�s MRO business in safety and facility identification,� said Greg Anapol, Brady managing director in the U.K. �This acquisition will allow us to enter new markets and leverage sales through our safety distributors and direct marketing channels. The Scafftag and Safetrack employees will be an important addition to our team and we welcome them to Brady.� �We will also look to leverage Scafftag products and technologies in other regions of the world,� said Peter Sephton, president�Brady Europe. �In addition, Safetrack technology provides an excellent opportunity to enchance our niche RFID offering in the identification and compliance market.� Brady in the U.K. is headquartered in Banbury, Oxfordshire, employs about 450 people, and markets products under the brands Brady, Seton, B.I.G, Safetyshop, Focal and Signs & Labels. Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect premises, products and people. Brady products include high-performance labels and signs, safety devices, printing systems and software, and precision die-cut materials. Founded in 1914, the company serves the electronics, telecommunications, manufacturing, electrical, construction, education, medical and a variety of other industries. Brady is headquartered in Milwaukee, Wisconsin, U.S. and employs more than 9,000 people at operations in the Americas, Europe and Asia/Pacific. The company�s fiscal 2006 sales were approximately USD 1.018 billion. More information is available on the Internet at www.bradycorp.com, www.scafftag.com and www.safetrak.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-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.