Brady Corporation (NYSE:BRC), a world leader in identification solutions, today announced that it has acquired Runelandhs Försäljnings AB (“Runelandhs”), a direct marketer of industrial and office equipment, located in Kalmar, Sweden. Terms of the transaction were not disclosed.
Runelandhs, founded in 1992, offers a wide range of products for the maintenance, repair and operations (MRO) market via mail-order catalogs and internet sales. Its products include lifting, transport and warehouse equipment; workbenches and material handling supplies; products for environmental protection; and entrance, reception, and office furnishings. With annual sales of approximately $19 million (U.S.), Runelandhs serves more than 50,000 customers throughout Scandinavia.
“Runelandhs is a well established direct marketer with 20 years of experience, a loyal customer base, and a strong focus on customer satisfaction. This acquisition supports our strategy to expand our direct marketing business in Scandinavia, an area which offers significant potential for growth,” said Peter Sephton, president of Brady EMEA. “We view Runelandhs as a launch pad for bringing our current Seton safety and facility identification products to this region which, with many businesses in remote places and a good direct marketing and postal delivery system, is an ideal place for us to grow.”
“Brady has the global infrastructure and quality brands to help bring Runelandhs to the next level of growth. We are happy to be joining forces with the Brady and Seton teams in Europe, and we look forward to bringing a more comprehensive product offering to our MRO customers,” said Runelandhs founders, Stig Larsen and Per Bergstrand.“Brady also recently made two smaller acquisitions: Grafo Wiremarkers Africa (Pty) Ltd. (“Grafo”), a supplier of wire-marking products with annual sales of approximately $ 3 million (U.S.), and Pervaco AS (“Pervaco”), a direct marketer of facility identification products with annual sales of approximately $6 million (U.S.). Grafo is located in Johannesburg, South Africa and marks Brady’s first acquisition on the African continent, and Pervaco expands Brady’s presence into Norway. These acquisitions give us a foothold in geographies where we can leverage both our direct marketing expertise and our Brady identification expertise,” added Sephton.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV