Brady Corporation

Last updated
Brady Corporation
Company type Public
NYSE:  BRC
S&P 600 component
IndustryManufacturing
FoundedNovember 11, 1914;109 years ago (1914-11-11)
Headquarters Milwaukee, Wisconsin, U.S.
Area served
Worldwide
Key people
Russell Shaller
(President and CEO)
ProductsIdentification solutions
RevenueIncrease2.svg US$1.32 billion (2012) [1]
Increase2.svg US$108.7 million (2012) [1]
Number of employees
6,600
Subsidiaries
Website www.bradyid.com

Brady Corporation is an American developer and manufacturer of specialty products, technical equipment, and services for identifying components used in workplaces. Headquartered in Milwaukee, Wisconsin, Brady employs 6,600 people in North and South America, Europe, Asia, and Australia and serves customers and markets globally. Brady Corporation was founded as W.H. Brady Co. in Eau Claire, Wisconsin, in 1914, by William H. Brady. [2] In 1984, the company went public and began trading on the NASDAQ market. In 1998, W.H. Brady Co. became Brady Corporation and in 1999, the company began trading on the New York Stock Exchange under the ticker symbol BRC. Brady has more than 1 million customers with fiscal net sales for 2013/14 of US$1.225 billion. [3]

Contents

Products

The company's main product lines are in safety identification, regulatory compliance, brand protection, laboratory identification and specimen tracking, visitor access, voice and data communications and precision die-cut components. They include do-it-yourself printing systems, labeling materials, [4] signs and software, and lockout/tagout, spill control and regulatory compliance devices. Brady sells through distribution channels and e-commerce websites.

Brady markers identified every pipe in the Manhattan Project's weapons plant in the 1940s. Brady Contract Services was used on North Slope during construction of the Alaska gas pipeline. Brady SPC sorbent products helped clean up the Deepwater Horizon oil spill. [5]

Brady has supplied helmet logos for a number of NFL teams including the Green Bay Packers.

History

Brady's first products were promotional calendars, painted signs and point-of-purchase displays. The company survived the Great Depression by producing push cards: small paperboard cards with rows of perforated circles concealing numbers. During World War II, Brady developed the wire marker card – numbered cloth strips on an adhesive card.

In the 1950s and 1960s, Brady moved to Milwaukee. The company developed proprietary machines that could laminate, die cut, print and cut to length in a single operation.

Having sold their products through distribution and mail order since 1947, the company in the 1970s established subsidiaries in England, Belgium, Germany, France and Australia. By 1980, international subsidiaries accounted for 20 percent of sales.

In 1981, Brady acquired Seton Identification Products, a direct marketing business that sold nearly identical products. Seton's catalog mailings rose from 1 million in 1981 to 8 million in 1988 and 1985. Subsidiaries were established in England, Canada and Germany by 1988.

In the 1990s, the company introduced printing systems that enabled customers to print their own safety signs, labels and identification products on-site.

In the 2000s, more than 35 acquisitions led to a tripling in size [6] between 2003 and 2010.

In 2010, Brady became a Smartway Transport partner in the U.S., while in 2009 it opened a facility in Egelsbach, Germany, that uses a geothermic heating and cooling system. It says it uses Design for Environment principles to design eco-friendly products, including halogen-free flame-retardant labels and ribbons.

In 2012, Brady issued its first annual sustainability report. The company says its operations focus on reducing waste, conserving energy, [7] using natural resources responsibly and promoting employee safety.

In its communities, it operates through philanthropy and employee engagement. Charitable giving through the Brady Corporation Foundation and Brady Corporation has surpassed US$1 million. Recent projects include a third China Hope School [8] in Sichuan Province; "Brady Corporation, Jr.," [9] an interactive exhibit that teaches preschoolers about manufacturing at the Betty Brinn Children's Museum in Milwaukee; and funding college educations through I Have a Dream [5] for a class of students at Clarke Street Elementary School.

International expansion

1947: Brady began selling its products internationally, to South Africa.

1950s: First European sales office in U.K., and operations in Canada.

1960s and 1970s: Expansion throughout Europe with operations in Belgium, Germany, France and Sweden.

1980s: Entered Asia, Australia, Hong Kong, Japan and Singapore.

1990s: Began operating in Mexico, Italy, and Brazil with further expansion in Asia to China, Malaysia, Philippines, South Korea, and Taiwan.

2000s (decade): Continued expansion in Asia, Thailand and India as well as expansion into Slovakia in Eastern Europe; Turkey in the Middle East and the United Arab Emirates.

Brady brands

As a result of acquisitions, Brady products are traded under a variety of names and brands, including Code Corporation, Nordic ID, Magicard, IDenticard, Seton, Electromark, PDC, Emedco, Scafftag, Clement Communications, ID Warehouse, Securimed, Signals, Precision Dynamics Corporation, Accidental Health & Safety, Safety Signs & Service, Trafalgar Australia, Carroll, SPC, and Transposafe.

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References

  1. 1 2 Brady (BRC) annual SEC income statement filing via Wikinvest.
  2. ↑ Gurda, John, Sticking to It: A History of the W. H. Brady Co., 1914–1989, Milwaukee: W. H. Brady Co., 1989.
  3. ↑ "Income Statement". bradycorp.com. Archived from the original on 2015-09-17. Retrieved 2019-09-21.
  4. ↑ Stewart Landy (2009-12-01). "Labeling for Longevity | Material Handling Management Online". Mhlnews.com. Archived from the original on July 27, 2011. Retrieved 2011-12-31.
  5. 1 2 Rick Barrett (2010-07-06). "State firms step up in the Gulf Coast". JSOnline. Retrieved 2011-12-31.
  6. ↑ "Brady Corporation Receives ACG Outstanding Corporate Growth Award. - Free Online Library". Thefreelibrary.com. 2007-05-03. Retrieved 2011-12-31.
  7. ↑ Lefever, Stephanie (2010-03-08). "Sustainable exit signs". Ishn.com. Retrieved 2011-12-31.
  8. ↑ "US firm sets up 3rd Hope school in Sichuan". Chinadaily.com.cn. 2010-04-30. Retrieved 2011-12-31.
  9. ↑ "Pretend manufacturing and green-building exhibits premier Friday morning at Betty Brinn Children's Museum". non-profit-news.dbusinessnews.com. July 27, 2010. Archived from the original on 2011-08-23. Retrieved 2019-09-21.
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