Brady Corporation (Brady) announced recently the acquisition of Precision Dynamics Corporation (PDC) in a cash transaction for $300 million. The deal is subject to the usual closing adjustments. Further financial details can be found in Brady’s official press release and on each company's respective Web site.
PDC, based in Valencia, CA, was founded in 1956 and has annual sales of approximately $173 million. They are a leader in identification products mainly for the healthcare industry, specializing in items such as patient wrist bands and related labels/I.D. systems. Their manufacturing facilities are based in Tijuana, Mexico; Port Orange, FL; and Nivelles, Belgium.
Brady, based in Milwaukee, was founded in 1914 and had sales of approximately $1.32 billion for the 2012 fiscal year. An international leader in the manufacturing and marketing of identification and protection solutions, products, and people, Brady has more than 1 million customers worldwide. Their products include high-performance labels & signs, safety devices, printing systems & software, and precision die-cut materials. Brady's global operations are located in the Americas, EMEA, and the Asia-Pacific regions.