Brady Corporation Acquires QDPT (Thailand) Co. Ltd.

ข่าวต่างประเทศ Friday October 28, 2005 10:20 —Asianet Press Release

MILWAUKEE, Wis., Oct. 28-PRNewswire-AsiaNet/InfoQuest Brady Corporation(NYSE: BRC), a world leader in identification solutions and precision die-cut materials, announced that it has acquired QDPT (Thailand) Co. Ltd., in Wangnoi, Ayutthaya, Thailand. QDPT designs and manufactures high-precision components for the electronic, medical and automotive industries, specializing in precision laminating, stamping and contract assembly. Terms of the transaction were not disclosed. Founded in 1997, the company employs 215 people and had sales of about $2.3 million (U.S.) in fiscal 2005. A leading supplier of precision stamped metal and adhesive parts to the electronics industry, QDPT has developed special techniques and processes for the manufacture and assembly of high precision thin-laminate materials which are used to dampen noise and vibration inside hard disk drives and other miniaturized electronics. The company's advanced tooling capabilities, automated manufacturing and clean room processing help to meet the most stringent needs of major electronic manufacturers. "Thailand, as the second largest producer in the world of hard disk drives, is a key location for Brady. The acquisition of QDPT represents a continuation of our Thai geographic strategy as well as an expansion of our global presence as a manufacturer of precision die-cut products," said Scott Hoffman, Brady vice president, global die-cut operations. "Their expertise in developing unique solutions to specific customer needs, particularly for the hard-disk-drive industry, strong manufacturing capabilities and good customer relationships will further help us meet the needs of our global customers." Brady's global die-cut business currently has manufacturing operations in the United States, China, Singapore, Malaysia, Thailand, Brazil, and Germany. Its products include custom die-cut and precision specialty materials for use in a wide range of devices such as computers, disk drives, two-way radios, cellular phones, and consumer electronic equipment. It has globally networked systems and operations aligned to support worldwide design centers and provide local service and delivery. This is the second acquisition Brady has made in Thailand in recent months. In July the company acquired label manufacturer Technology Print Supplies in Laem Chabang. Brady Corporation is an international manufacturer and marketer of complete identification solutions and specialty materials that help customers increase safety, security, productivity and performance. Its products include high-performance labels and signs, printing systems and software, label-application and data-collection systems, safety devices and precision die-cut materials. Founded in 1914, the company has more than 300,000 customers in electronics, telecommunications, manufacturing, electrical, construction, education and a variety of other industries. Brady is headquartered in Milwaukee and employs nearly 4,500 people in operations in the United States, Europe, Asia/Pacific, Latin America and Canada. Brady's fiscal 2005 sales were approximately $816 million. More information is available on the Internet at http://www.bradycorp.com and http://www.qdpt.co.th This news release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 - that is, statements related to future, not past events. In this context forward-looking statements often address our expected future business and financial performance, and often contain certain words such as "expect, anticipate, intend, plan, believe, seek, will, or may." Forward-looking statements by their nature address matters that are, to different degrees uncertain. For us, uncertainties arise from future financial performance of major markets we serve which include, without limitation, telecommunications, manufacturing, electrical, construction, laboratory, education, governmental, public utility, computer, transportation; future integration of and performance of acquired businesses; fluctuations in currency rates versus the US dollar; technology changes; interruptions to sources of supply; business interruptions due to implementing business systems; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature and those identified in reports we file with the SEC. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. SOURCE: Brady Corporation CONTACT: Carole Herbstreit (US), +1-414-438-6882, or Cheng Huang Lim (Singapore), 65-6477-7261, both of Brady Corporation Company News On-Call: http://www.prnewswire.com/comp/952350.html Web site: http://www.bradycorp.com http://www.qdpt.co.th --Distributed by AsiaNet (www.asianetnews.net)--

แท็ก thailand   computer   america   ADVANC   nation   China  

เว็บไซต์นี้มีการใช้งานคุกกี้ ศึกษารายละเอียดเพิ่มเติมได้ที่ นโยบายความเป็นส่วนตัว และ ข้อตกลงการใช้บริการ รับทราบ