Market Overview

Brady Corporation Acquires Runelandhs Försäljnings AB; Sees Deal Modestly Adding to EPS in FY13

Brady Corporation (NYSE: BRC), a world leader in identification solutions, today announced that it has acquired Runelandhs Försäljnings AB, a direct marketer of industrial and office equipment, located in Kalmar, Sweden. Terms of the transaction were not disclosed.

Runelandhs, founded in 1992, offers a wide range of products for the maintenance, repair and operations market via mail-order catalogs and internet sales. Its products include lifting, transport and warehouse equipment; workbenches and material handling supplies; products for environmental protection; and entrance, reception, and office furnishings. With annual sales of approximately $19 million, Runelandhs serves more than 50,000 customers throughout Scandinavia.

Posted-In: News Guidance M&A

 

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