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Completed the first phase of two-step divestiture of its European and Asian Die-Cut businesses to Boyd Corporation
May 2, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
Brady Corporation announced that it has completed the first phase of the previously announced two-step divestiture of its European and Asian Die-Cut businesses to Boyd Corporation. On Feb. 24, 2014, Brady announced that it reached an agreement to sell its Die-Cut business to Boyd Corporation in a two-step process. The first step, which closed on May 1, 2014, involved the sale of the Die-Cut business with operations in Germany, Thailand, Korea, and Malaysia. Cash proceeds received on May 1, 2...
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