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Brady Corporation Acquires Security-Sealing Company Transposafe Systems, Headquartered in Amsterdam.

Publication: Business Wire
Publication Date: 13-NOV-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MILWAUKEE & AMSTERDAM, Netherlands -- Brady Corporation (NYSE:BRC) has announced that it has acquired Transposafe Systems, a specialist in security sealing and identification solutions for protecting assets during transport. Transposafe is headquartered near Amsterdam (The Netherlands), with operations in Belgium, Germany and Poland. Terms of the transaction were not disclosed.

Transposafe serves the banking, transport and healthcare industries, among others, with products ranging from security labels, self-adhesive seals and tamper-evident tape to self-sealing bags and secured envelopes for cash handling. The company, founded in 1991, had sales of approximately $26 million in 2006.

"Transposafe's products protect and identify valuable consignments, and will be a substantive addition to...



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