Brady to sell die-cut business
Brady Corporation has reached an agreement to sell its die-cut business to Boyd Corporation.
Boyd is a global business headquartered in Modesto, California, that specializes in custom fabricated sealing and energy management solutions.
Brady announced its intention to sell its die-cut business in May 2013 in order to focus on its identification solutions and workplace safety businesses. The die-cut business, with sales of approximately $192 million, manufactures gaskets, meshes, heat-dissipation materials, antennae, dampers, filters, and similar products sold primarily to the electronics industry with a concentration in the mobile-handset and hard-disk drive industries.
Brady believes the die-cut business is no longer a good fit in its portfolio and that both customers and employees in that business will be better served under an owner with die-cut products as part of its core offering.
INDUSTRIAL SUPPLY MAGAZINE
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