Brady Corporation Announces Divestiture of Its Medical Die-Cut Business in Mesquite, Texas
August 17 2012 - 4:45PM
Business Wire
Brady Corporation (NYSE:BRC), a world leader in identification
solutions, announced today that it has sold all assets of Brady
Precision Converting, LLC, a wholly-owned subsidiary of Brady
Corporation doing business as Brady Medical in Mesquite, Texas.
Brady Medical specializes in manufacturing and converting die-cut
products for the medical and diagnostic industry. The business
employs about 90 people. All assets of Brady Medical are being
purchased by Strukmyer, LLC. Other details of the transaction
were not disclosed.
Brady Corporation is an international manufacturer and marketer
of complete solutions that identify and protect premises, products
and people. Brady’s 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
millions of customers in electronics, telecommunications,
manufacturing, electrical, construction and a variety of other
industries. Brady is headquartered in Milwaukee, Wisconsin and as
of July 31, 2011 employed approximately 6,500 people at operations
in the Americas, EMEA and Asia-Pacific. Brady’s fiscal 2011 sales
were approximately $1.34 billion. Brady stock trades on the New
York Stock Exchange under the symbol BRC. More information is
available on the Internet at www.bradycorp.com.
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