Brady Corp. (NYSE: BRC), Milwaukee, WI, has acquired Precision Dynamics Corp., Valencia, CA, from Water Street Healthcare Partners, a strategic health care-focused private equity firm, for $300 million.
Precision Dynamics, with annual sales of $173 million, provides identification products primarily for the health care market and also provides wristband products for the leisure and entertainment industries.
The acquired company, with manufacturing facilities in Tijuana, Mexico and Port Orange, FL, and a European sales office with light manufacturing in Nivelles, Belgium, employs 1,000 people globally.
