Brady Corporation Acquires Balkhausen GmbH, a European Manufacturer Of Precision Die-Cut Parts and Specialty Materials

Apr 02, 2001, 01:00 ET from Brady Corporation

    MILWAUKEE and SYKE, Germany, April 2 /PRNewswire/ --
     Brady Corporation (NYSE:   BRC), a world leader in identification solutions
 and precision die-cut materials, announced that it has acquired Balkhausen
 GmbH, Syke, Germany.  Terms of the transaction were not disclosed.
     Balkhausen, founded in 1962, manufactures precision specialty die cut
 parts with a particular focus on applications requiring thermal management for
 the automotive electronics, telecommunications, and other related markets.
 With $11 million (U.S.) in annual sales, its capabilities include die cutting,
 stamping, printing, embossing and forming.  Balkhausen serves a variety of
 "blue chip" manufacturers including Bosch, Siemens, Blaupunkt, Grundig,
 Philips and Braun.  Its products are used in a wide variety of applications
 for insulating, spacing, gasketing, shielding and other purposes.  Balkhausen
 currently employs about 125 people at its 77,000-square-foot facility.
     Recently, Balkhausen developed a material and application solution to
 dissipate heat from electronic components.  This material/technology
 combination has been well-accepted by European automotive electronics
 manufacturers.  With electronics becoming more and more powerful, there is a
 tremendous amount of heat concentrated in smaller and smaller areas,
 shortening the life span of electronic components.  Balkhausen's solution
 helps to remove the heat from isolated areas and effectively transfer it away
 from the devices by using heat sinks (pieces of precision-cut copper or
 aluminum attached to printed circuit boards).
     The acquisition of Balkhausen will provide Brady new development
 opportunities for thermal-management specialty materials, as well as expand
 its position as a provider of precision die-cut materials in the
 telecommunications and electronics markets.  Brady expects the acquisition to
 be slightly dilutive to earnings in the current fiscal year ending July 31,
 2001, but accretive in future years.
     "The acquisition of Balkhausen provides exciting growth prospects for our
 global die-cut business," said David Schroeder, vice president of Brady's
 Identification Solutions & Specialty Tapes Group.  "We will be looking to
 leverage their heat-sink technology into our current offerings.  We will also
 be able to add value to a significant number of customers for our precision
 die-cut products who desire a German converting location."
     Brady's global die-cut business currently has manufacturing operations in
 the United States, China, Singapore, Brazil, Belgium and the United Kingdom.
 Its products include custom die-cut and precision specialty materials for use
 in a wide range of devices such as computer disk drives, pagers, cellular
 phones, and consumer electronic equipment.  It has globally networked systems
 and operations aligned to support worldwide design centers and provide local
 service and delivery.
     "We are delighted to welcome Balkhausen to our business family," said
 Brady President and Chief Executive Officer Katherine M. Hudson.  "They have
 impressive capabilities and a successful engineering-driven business model
 that will give Brady an even stronger foundation for providing specialty
 material solutions to our customers wherever and whenever they need them."
     "Brady's global infrastructure and commitment to providing precision
 custom parts for varied applications will help us expand into new markets and
 better serve customers.  We look forward to enjoying mutual growth with the
 employees of Brady Corporation," said Balkhausen President Manfred Klotz, who
 remains with the organization as Managing Director/Technical Director.
     Brady Corporation is an international manufacturer and marketer of
 complete identification solutions and specialty materials, with products
 including labels, software, printing systems, label-application and
 data-collection systems, signs, safety devices and precision die-cut materials
 for manufacturing, electrical, electronic, telecommunications and a variety of
 other markets.  Founded in 1914, Brady is headquartered in Milwaukee and
 employs more than 3,100 people in operations in the United States, Europe,
 Asia/Pacific, Latin America and Canada.  Brady's fiscal 2000 sales were
 approximately $541 million.  More information is available on the Internet at
 http://www.bradycorp.com .
     This news release contains forward-looking information, as defined in the
 Private Securities Litigation Reform Act of 1995.  Forward-looking information
 in this release involves risks and uncertainties, including, but not limited
 to, domestic and international economic conditions and growth rates;
 fluctuations in currency exchange rates for international currencies versus
 the U.S. dollar; the successful implementation of a new
 enterprise-resource-planning system; the ability of the company to acquire,
 integrate and achieve anticipated synergies from new businesses; the ability
 of the company to adjust its cost structure to changes in levels of sales and
 product mix in a timely manner; variations in the economic or political
 conditions in the countries in which the company does business; technology
 changes; and the continued availability of sources of supply.  Brady cautions
 that forward-looking statements are not guarantees, since there are inherent
 difficulties in predicting future results, and that actual results could
 differ materially from those expressed or implied in forward-looking
 statements.
 
 

SOURCE Brady Corporation
    MILWAUKEE and SYKE, Germany, April 2 /PRNewswire/ --
     Brady Corporation (NYSE:   BRC), a world leader in identification solutions
 and precision die-cut materials, announced that it has acquired Balkhausen
 GmbH, Syke, Germany.  Terms of the transaction were not disclosed.
     Balkhausen, founded in 1962, manufactures precision specialty die cut
 parts with a particular focus on applications requiring thermal management for
 the automotive electronics, telecommunications, and other related markets.
 With $11 million (U.S.) in annual sales, its capabilities include die cutting,
 stamping, printing, embossing and forming.  Balkhausen serves a variety of
 "blue chip" manufacturers including Bosch, Siemens, Blaupunkt, Grundig,
 Philips and Braun.  Its products are used in a wide variety of applications
 for insulating, spacing, gasketing, shielding and other purposes.  Balkhausen
 currently employs about 125 people at its 77,000-square-foot facility.
     Recently, Balkhausen developed a material and application solution to
 dissipate heat from electronic components.  This material/technology
 combination has been well-accepted by European automotive electronics
 manufacturers.  With electronics becoming more and more powerful, there is a
 tremendous amount of heat concentrated in smaller and smaller areas,
 shortening the life span of electronic components.  Balkhausen's solution
 helps to remove the heat from isolated areas and effectively transfer it away
 from the devices by using heat sinks (pieces of precision-cut copper or
 aluminum attached to printed circuit boards).
     The acquisition of Balkhausen will provide Brady new development
 opportunities for thermal-management specialty materials, as well as expand
 its position as a provider of precision die-cut materials in the
 telecommunications and electronics markets.  Brady expects the acquisition to
 be slightly dilutive to earnings in the current fiscal year ending July 31,
 2001, but accretive in future years.
     "The acquisition of Balkhausen provides exciting growth prospects for our
 global die-cut business," said David Schroeder, vice president of Brady's
 Identification Solutions & Specialty Tapes Group.  "We will be looking to
 leverage their heat-sink technology into our current offerings.  We will also
 be able to add value to a significant number of customers for our precision
 die-cut products who desire a German converting location."
     Brady's global die-cut business currently has manufacturing operations in
 the United States, China, Singapore, Brazil, Belgium and the United Kingdom.
 Its products include custom die-cut and precision specialty materials for use
 in a wide range of devices such as computer disk drives, pagers, cellular
 phones, and consumer electronic equipment.  It has globally networked systems
 and operations aligned to support worldwide design centers and provide local
 service and delivery.
     "We are delighted to welcome Balkhausen to our business family," said
 Brady President and Chief Executive Officer Katherine M. Hudson.  "They have
 impressive capabilities and a successful engineering-driven business model
 that will give Brady an even stronger foundation for providing specialty
 material solutions to our customers wherever and whenever they need them."
     "Brady's global infrastructure and commitment to providing precision
 custom parts for varied applications will help us expand into new markets and
 better serve customers.  We look forward to enjoying mutual growth with the
 employees of Brady Corporation," said Balkhausen President Manfred Klotz, who
 remains with the organization as Managing Director/Technical Director.
     Brady Corporation is an international manufacturer and marketer of
 complete identification solutions and specialty materials, with products
 including labels, software, printing systems, label-application and
 data-collection systems, signs, safety devices and precision die-cut materials
 for manufacturing, electrical, electronic, telecommunications and a variety of
 other markets.  Founded in 1914, Brady is headquartered in Milwaukee and
 employs more than 3,100 people in operations in the United States, Europe,
 Asia/Pacific, Latin America and Canada.  Brady's fiscal 2000 sales were
 approximately $541 million.  More information is available on the Internet at
 http://www.bradycorp.com .
     This news release contains forward-looking information, as defined in the
 Private Securities Litigation Reform Act of 1995.  Forward-looking information
 in this release involves risks and uncertainties, including, but not limited
 to, domestic and international economic conditions and growth rates;
 fluctuations in currency exchange rates for international currencies versus
 the U.S. dollar; the successful implementation of a new
 enterprise-resource-planning system; the ability of the company to acquire,
 integrate and achieve anticipated synergies from new businesses; the ability
 of the company to adjust its cost structure to changes in levels of sales and
 product mix in a timely manner; variations in the economic or political
 conditions in the countries in which the company does business; technology
 changes; and the continued availability of sources of supply.  Brady cautions
 that forward-looking statements are not guarantees, since there are inherent
 difficulties in predicting future results, and that actual results could
 differ materially from those expressed or implied in forward-looking
 statements.
 
 SOURCE  Brady Corporation

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