Milwaukee-based b-to-b giant Brady Corporation, which operates
Seton and Welco in the UK, has acquired ID Warehouse, an
Australian supplier of identification and security products, for
an undisclosed sum. Founded in 1994, ID Warehouse sells online
and through a field-sales force and has an annual turnover of
approximately $8 million (£4.98 million).
The acquisition sees Brady further expand its reach in Australia
where it already employs 200 people. The corporation recently
reported that sales in the year ended 31st July 2010 rose 4.2
percent to $1.26 billion (£784 million) and net income rose
16.9 percent from $70.1 million (£43.6 million) in 2009, to
$82 million (£51 million) this year.
Share