Brady Corporation Acquires The Code Corporation

June 17, 2021

Brady Corporation acquired The Code Corporation for approximately $173 million to enhance its track-and-trace product portfolio. The deal adds Code's high-performance barcode scanners and scanning software (with ~ $50M projected sales and ~$10M EBITDA next fiscal year) and aims to expand Brady's capabilities and addressable markets globally, particularly in healthcare and industrial track-and-trace applications.

Buyers
Brady Corporation
Targets
The Code Corporation
Industry
Manufacturing
Location
Utah, United States
Transaction Type
Buyout

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