Boyd Corp Completes Acquisition of Brady Die-Cut Business
August 04 2014 - 9:00AM
Business Wire
Boyd Emerges as a Global Leader in
Precision-Engineered Products
Boyd Corporation, a leading global provider of engineered,
specialty material-based energy management and sealing solutions,
today announced it has completed the final phase of its purchase of
the Asian and European Precision Die-Cut Converting business of
Brady Corporation (NYSE:BRC). The newly acquired business now
operates under the Boyd brand – a name that carries almost 100
years of tradition and vision.
With today’s announcement, newly acquired business operations
and facilities in Shenzhen, China; Langfang, China; Wuxi, China;
Taipei, Taiwan and Nodinge, Sweden immediately begin delivering the
benefits of the “New Boyd” with an integrated workforce that now
exceeds 2,200 worldwide.
“We're thrilled to complete this transaction, which affords Boyd
an unmatched industry footprint with valuable supplier partners and
greater access to new customers in high-growth markets," said Mitch
Aiello, Boyd Corporation President and CEO. "We welcome our
talented new team members who join a company that is equipped like
no other to expand its mobile computing and energy management
capabilities, diversify our electronics portfolio, and further
support global key industries such as medical. The combined
strengths substantially accelerate Boyd’s strategic growth plans
and we’re eager to deliver to our customers the full benefits of
the enhanced, integrated company.”
Through this transaction, Boyd has added facilities across Asia
and Europe, which allows the company to optimize logistics and
source the best materials from around the world. The newly acquired
Asian operations primarily manufacture high-performance products
such as gaskets, meshes, heat dissipation materials, antennae,
dampers, filters, and similar products sold into the mobile
computing, data storage and electronics industries. The European
operations primarily manufacture precision components and thermal
management products used in the medical, automotive electronics and
telecommunications industries.
Along with its Modesto, California, headquarters, Boyd’s
manufacturing and design hubs around the United States, Europe and
Asia now include facilities in Chon Buri, Thailand; Elkhart,
Indiana; Fairburn, Georgia; Gaffney, South Carolina; Gumi, Korea;
Langfang, China; Nodinge, Sweden; Portland, Oregon; Shenzhen,
China; Syke, Germany; Taipei, Taiwan; and Wuxi, China.
The completion of this acquisition comes on the heels of Boyd's
recent announcement that it has entered into an agreement to
purchase the Solimide® Foam business of Evonik Industries -- a
transaction designed to further galvanize Boyd's aerospace and
defense market positions.
About Boyd Corporation
Boyd Corporation is a global provider of precision-engineered,
specialty material-based energy management and sealing solutions
with specific expertise in engineering and design, manufacturing
and supply chain management. The company operates in markets around
the world and serves customers in electronics, mobile computing,
medical technology, transportation, aerospace and other B2B and
consumer-critical industries. For nearly 100 years, the Boyd brand
has represented stability, adaptability and vision along with
employing the most experienced team in the industry. Boyd
Corporation: One Company, Many Solutions. Visit us at
www.boydcorp.com.
Boyd CorporationAmie Jeffries,
209-491-4715ajeffries@boydcorp.com
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