 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 Bradys 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. 