Brady Corp Buys Precision Dynamics for $300M; Sees Charge of $25-30M, Deal Adding $0.10-0.15 in First Full Fiscal Year
Brady Corporation (NYSE: 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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