Brady Corporation Receives ACG Outstanding Corporate Growth Award.
Brady Corporation, founded in 1914, serves Fortune 1000 companies by improving their productivity, performance, safety and security with products that identify and protect premises, products and people. With more than 100,000 products, including high-performance labels, precision die-cut materials, signs, software, printers, and automatic identification and data-collection systems - they cater to hundreds of thousands of companies worldwide in markets ranging from telecommunications and electronics to transportation equipment to education.
ACG is the premier professional organization focused on corporate growth, corporate development, and mergers and acquisitions.
"We are extremely pleased to award Brady Corporation the ACG Outstanding Corporate Growth Award," said ACG President and CEO Daniel Varroney. "Brady Corporation has achieved growth through outstanding execution, a great corps of employees and innovative products."
"Brady Corporation has a diversified array of products to drive sales, grow profits and generate free cash flow," said ACG Chairman Paul Stewart, a partner at the private equity firm PS Capital Partners, LLC. "They have achieved a well-deserved reputation amongst Fortune 1000 companies and see significant opportunity internationally, especially as developing nations begin to focus more on safety and productivity."
Qualifications for the ACG Outstanding Corporate Growth Award, which has been presented for 22 years, include sales in excess of $500 million and a five-year history of successful growth. The ACG awards selection committee chose Brady Corporation from 18 ACG Chapter award winners. Brady Corporation was nominated by ACG Wisconsin, and in the past three years more than doubled its sales to more than $1 billion, and nearly quintupled its profits from $21 million to $104 million. In this same timeframe, the company has increased the number of its global locations from 50 to nearly 100 and built its workforce from about 3,000 employees to nearly 9,000.
"We are proud to receive this national award from such a prestigious organization as ACG," said Frank M. Jaehnert, president and CEO of Brady Corporation. "It is a strong testament to Brady Corporation's ability to build strong brands, create new growth opportunities, and deliver consistently strong results. We are focused on value creation for the long term, and our strategies for new market entry, geographic expansion, increased market penetration and acquisitions reflect this dedication."
Previous winners of the ACG Outstanding Corporate Growth Award include AES; Amgen; Cisco Systems; Fortune Brands; Garmin; Harley-Davidson; Home Depot; Johnson Controls; Motorola; and Stryker.
About Brady Corporation
Brady Corporation, founded in 1914 in Eau Claire, WI as W. H. Brady Co. and renamed Brady Corporation in 1998, has a long tradition of providing innovative solutions to companies throughout the world. From high-performance labels, signs and tapes to software and printing and data-collection systems, Brady products and services help customers increase safety, security, productivity and performance. Brady manufactures thousands of different identification, safety and specialty tape products for hundreds of thousands of customers in electronics, electrical, telecommunication, computer, transportation, construction, warehousing and other industries around the world. The company began selling products internationally in 1947. In 1984, Brady went public on the Nasdaq Stock Market, and in 1999, moved trading of its stock to the New York Stock Exchange, under the symbol BRC.
Founded in 1954, the Association for Corporate Growth (ACG) is the leading global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at nearly 12,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 53 chapters in North America and Europe. For more information, please visit: www.acg.org.
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|Date:||May 3, 2007|
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