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Brady Corporation Acquires Wire-Marker Manufacturer Texit AS, in Denmark and Norway.


MILWAUKEE & ODENSE, Denmark -- Brady Corporation Brady Corporation is a US based multi-national company specialising in the manufacture of labels and label printers for use in offices and industry. Company History
Brady was founded in 1914 in Eau Claire, Wisconsin, as W.H. Brady Co.
 (NYSE NYSE

See: New York Stock Exchange
:BRC BRC Black Rock City (Burning Man)
BRC British Retail Consortium
BRC Business Resource Center (Small Business Administration)
BRC Bisexual Resource Center
BRC Black Radical Congress
), a world leader in identification solutions, announced that it has acquired wire-marker manufacturer Texit AS, Odense, Denmark, and Aalesund, Norway. Terms of the transaction were not disclosed.

Texit, founded in 1992, develops, manufactures and distributes cable-management products including wire markers, cable ties and accessories, insulation and connectivity products, printers and identification software for mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages


Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a
 markets including railway, aviation and shipping; and a wide-range of electrical and other utility markets in Europe, the U.S. and China. Texit, headquartered in Odense, had sales of about $9 million (U.S.) in 2004.

"Texit has a well established customer base in the Danish and Norwegian electrical markets, and strong know-how in wire identification and total cable management. Their product lines and marketing strategies fit very well with ours," said Peter Sephton, vice president, Brady Europe. "This acquisition extends our reach in the Nordic countries, and further strengthens our position as a leader in wire identification in Europe."

Mathias Goossens, Brady Northern Europe managing director, further commented, "We look forward to working with the talented team at Texit and their foreign partners in meeting the needs of customers for reliable identification and accurate tracking throughout Europe, the U.S. and Asia."

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 4,500 people in operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe, Asia/Pacific, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies.  and Canada. The company's fiscal 2004 sales were approximately $671 million. More information is available on the Internet at www.bradycorp.com, www.bradyeurope.com, www.texit.com, and www.texit.dk

This news release contains forward-looking information, as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 Growth Rates

The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures.

Notes:
Remember, historically high growth rates don't always mean a high rate of growth looking into the future.
; fluctuations in currency exchange rates for international currencies versus the U.S. dollar; 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; the continued availability of sources of supply; variations in the economic or political conditions in the countries in which the company does business; technology changes; and the successful implementation of a new enterprise-resource-planning system. Brady cautions that forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 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.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Sep 1, 2005
Words:463
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