Brady Corporation acquires Carroll Australasia Pty. Ltd. in Australia
Brady Corporation, a leader in identification solutions and specialty materials, announced recently that it has acquired Carroll Australasia Pty. Ltd., Sydney, New South Wales, Australia. Terms of the transaction were not disclosed.
Carroll is a supplier and distributor of identification products for the electrical industry, with a line of wiring accessory products that includes prepared wire and cable markers, termination and connection supplies, wire-bundling materials and electrical circuit protection products. The company also markets to the automotive and marine markets under the brand "Quikcrimp." Founded in 1977, Carroll had sales of approximately $8 million in 2005.
"Carroll and Brady are a natural fit,” said Stephen Millar, managing director of Brady Australia. “Carroll offers a bureau service to preprint wire markers to customers' specifications, while Brady has a long tradition of offering customers a do-it-yourself wire-marking solution with a range of printers and consumables. Combining these options will enhance the offer to both our customers."
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey