Brady Corporation acquires Precision Converters, Inc.

MILWAUKEE and DALLAS (October 20, 2006)--Brady Corporation (NYSE:BRC), a world leader in identification solutions, specialty materials and precision die-cut parts, today announced that it has acquired Precision Converters, Inc. of Dallas, Texas. Terms of the transaction were not disclosed.

Founded in 1995, Precision Converters is a supplier of die-cut products to the medical market with a specific focus on disposable, advanced wound-care products. Its products include anti-microbial foam and hydrocolloid dressings, wound closure strips, acne-control patches and surgical drapes. The company had sales of approximately $10 million in 2005 and employs about 80 people. Its customers include many leaders in the medical device and healthcare products industries.

"The acquisition of Precision Converters, and with it the addition of wound-care products to our offering, adds significant breadth and strength to Brady's medical die-cut business capabilities," said Scott Hoffman, Brady vice president. "By combining Brady's global infrastructure and die-cut expertise with Precision Converters' experience in the fast-growing medical device market, we have an exceptional opportunity to provide a broader offering to our medical customers, as well as provide local supply and service to their customers who require global manufacturing capability, particularly in Asia."

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