Brady Corporation Acquires Security-Sealing Company Transposafe Systems, Headquartered in Amsterdam
Milwaukee and Amsterdam (November 13, 2007)--Brady Corporation (NYSE:BRC) has announced that it has acquired Transposafe Systems, a specialist in security sealing and identification solutions for protecting assets during transport. Transposafe is headquartered near Amsterdam (The Netherlands), with operations in Belgium, Germany and Poland. Terms of the transaction were not disclosed.
Transposafe serves the banking, transport and healthcare industries, among others, with products ranging from security labels, self-adhesive seals and tamper-evident tape to self-sealing bags and secured envelopes for cash handling. The company, founded in 1991, had sales of approximately $26 million in 2006.
"Transposafe's products protect and identify valuable consignments, and will be a substantive addition to Brady's products that identify and protect premises, products and people. In addition, they have a loyal customer base, a proven direct-selling model and a strong management team that will further enhance our position as a provider of asset protection, fraud prevention and security products to the European market," said Peter Sephton, president, Brady Europe.
"Brady provides a strong international infrastructure that will allow us to further grow the Transposafe business," said Frans Wijnveld, Transposafe co-founder and managing director.
"We and our colleagues look forward to being part of the Brady team and offering Transposafe products to their customers," added co-founder and Managing Director Ger Wolters.
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 8,600 people at operations in the Americas, Europe and Asia/Pacific. Brady's fiscal 2007 sales were approximately $1.363 billion. More information is available on the Internet at www.bradycorp.com, and www.transposafe.com.
