Brady Corporation Sells French First-Aid Unit for $59 Million
Brady Corporation divested its Securimed SAS business to Safe Life International for roughly €53 million, or about $59 million USD.
Brady Corporation (NYSE: BRC) announced Thursday it has completed the sale of Securimed SAS, its France-based first-aid business, to Safe Life International for approximately EUR 53 million, equivalent to roughly USD 59 million.
The Milwaukee-based identification and safety products company disclosed no additional financial terms of the transaction, nor did it specify how the proceeds would be deployed. The deal marks a divestiture of a European business unit from Brady's broader portfolio.
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Safe Life International, the acquirer, takes on a first-aid operation with an established presence in the French market. The transaction underscores continued consolidation activity in the workplace safety and first-aid supply sector, as strategic buyers pursue specialty health and safety assets.
Brady Corporation, traded on the New York Stock Exchange under the ticker BRC, manufactures and sells identification products and solutions across multiple industries and geographies. The Securimed divestiture signals a potential narrowing of the company's European footprint as it evaluates its core business priorities.
Continue reading at GlobeNewswire - Mergers And Acquisitions.
