Brady Corporation BRC (“Brady”), a world leader in identification
solutions, announced today that it has acquired Precision Dynamics Corporation
(“PDC”) from Water Street Healthcare Partners, a strategic private equity firm
focused exclusively on the health care industry, in a cash transaction for
$300 million, subject to customary working capital and post-close adjustments.
PDC, with annual sales of approximately $173 million, is a leader in
identification products primarily for the healthcare market, specializing in
patient wristbands, specialty labels and identification systems used in
hospitals to reduce medical errors and integrate and share patient data.
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