Brady corporation acquires code corp. and announces webcast regarding recent acquisitions

Milwaukee, june 17, 2021 (globe newswire) -- brady corporation (nyse: brc) (“brady”) announced today that it has acquired the code corporation (“code” or the “company”) for approximately $173 million. brady will fund the transaction with cash on hand as well as with borrowings on its existing revolving line of credit. code has forecasted sales of approximately $50 million for brady's first full fiscal year of ownership, which is for the year ending july 31, 2022. brady anticipates ebitda from code of approximately $10 million for the first full fiscal year ending july 31, 2022, inclusive of integration-related costs.
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