Brady Corporation acquires TruMed Technologies, Inc.
MILWAUKEE and MINNEAPOLIS (October 20, 2005)--Brady
Corporation (NYSE:BRC), a world leader in identification solutions and precision die-cut materials,
today announced that it has acquired TruMed Technologies, Inc., Burnsville, Minn. Terms of the
transaction were not disclosed.
TruMed Technologies, founded in 1994, is an established
converter of disposable products and components for manufacturers in the medical device,
diagnostic, personal care and industrial markets. Specializing in process design and engineering,
TruMed integrates printing, laminating, die cutting, assembly and in-line packaging for healthcare
products including blood glucose test strips, electrodes, wound closures and dressings, transdermal
patches, cosmetic patches, hydrogel pads, defibrillator pads and other medical supplies. The
company is FDA Drug & Device registered.
"The acquisition of TruMed increases our presence in the
healthcare market, particularly accelerating our growth in medical converting by delivering
expertise and focus to this strategic market opportunity, and expanding our manufacturing
capability and customer reach," said Scott Hoffman, Brady vice president, global die-cut
operations.
"Brady brings us a global infrastructure and resources to
further grow our business," said TruMed founder and President Katy Trudeau. "In addition, we share
a business culture of customer focus, quality and integrity, and we look forward to working with
the Brady team to deliver even more value to our customers."
Brady Corporation is an international manufacturer and
marketer of complete identification solutions and specialty materials that help customers increase
safety, security, productivity and performance. Its products include high-performance labels and
signs, printing systems and software, label-application and data-collection systems, safety devices
and precision die-cut materials. Founded in 1914, the company has more than 300,000 customers in
electronics, telecommunications, manufacturing, electrical, construction, education and a variety
of other industries. Brady is headquartered in Milwaukee and employs nearly 4,500 people in
operations in the United States, Europe, Asia/Pacific, Latin America and Canada. Brady's fiscal
2005 sales were approximately $816 million. More information is available on the Internet at
www.bradycorp.com and
www.trumedtech.com.
This news release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 Ð that is, statements
related to future, not past events. In this context forward-looking statements often address our
expected future business and financial performance, and often contain certain words such as
"expect, anticipate, intend, plan, believe, seek, will, or may." Forward-looking statements by
their nature address matters that are, to different degrees uncertain. For us, uncertainties arise
from future financial performance of major markets we serve which include, without limitation,
telecommunications, manufacturing, electrical, construction, laboratory, education, governmental,
public utility, computer, transportation; future integration of and performance of acquired
businesses; fluctuations in currency rates versus the US dollar; technology changes; interruptions
to sources of supply; 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 and those identified in reports we file with the SEC.
These uncertainties may cause our actual future results to be materially different than those
expressed in our forward-looking statements. We do not undertake to update our forward-looking
statements.
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