Brady Corporation Acquires QDPT (Thailand) Co. Ltd.

Press Releases » ศุกร์ 28 ตุลาคม 2548 10:20 น.

MILWAUKEE, Wis., Oct. 28-PRNewswire-AsiaNet/InfoQuest

Brady Corporation(NYSE: BRC), a world leader in identification solutions

and precision die-cut materials, announced that it has acquired QDPT (Thailand)

Co. Ltd., in Wangnoi, Ayutthaya, Thailand. QDPT designs and manufactures

high-precision components for the electronic, medical and automotive

industries, specializing in precision laminating, stamping and contract

assembly. Terms of the transaction were not disclosed.

Founded in 1997, the company employs 215 people and had sales of about $2.3 million (U.S.) in fiscal 2005. A leading supplier of precision stamped metal

and adhesive parts to the electronics industry, QDPT has developed special

techniques and processes for the manufacture and assembly of high precision

thin-laminate materials which are used to dampen noise and vibration inside

hard disk drives and other miniaturized electronics. The company's advanced

tooling capabilities, automated manufacturing and clean room processing help to

meet the most stringent needs of major electronic manufacturers.

"Thailand, as the second largest producer in the world of hard disk drives, is a key location for Brady. The acquisition of QDPT represents a continuation of our Thai geographic strategy as well as an expansion of our global presence as a manufacturer of precision die-cut products," said Scott Hoffman, Brady vice president, global die-cut operations. "Their expertise in developing

unique solutions to specific customer needs, particularly for the

hard-disk-drive industry, strong manufacturing capabilities and good customer

relationships will further help us meet the needs of our global customers."

Brady's global die-cut business currently has manufacturing operations in

the United States, China, Singapore, Malaysia, Thailand, Brazil, and Germany.

Its products include custom die-cut and precision specialty materials for use

in a wide range of devices such as computers, disk drives, two-way radios,

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.

This is the second acquisition Brady has made in Thailand in recent months. In July the company acquired label manufacturer Technology Print Supplies in Laem Chabang.

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

http://www.bradycorp.com and http://www.qdpt.co.th

This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 - 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.

SOURCE: Brady Corporation

CONTACT: Carole Herbstreit (US),

+1-414-438-6882, or

Cheng Huang Lim (Singapore),

65-6477-7261,

both of Brady Corporation

Company News On-Call: http://www.prnewswire.com/comp/952350.html

Web site: http://www.bradycorp.com

http://www.qdpt.co.th

--Distributed by AsiaNet (www.asianetnews.net)--

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