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Precision Dynamics will continue to operate in Valencia

Posted: December 31, 2012 12:30 p.m.
Updated: December 31, 2012 12:30 p.m.
 

Precision Dynamics Corp. of Valencia will remain in the Santa Clarita Valley operating as a stand-alone business, a spokeswoman for the Wisconsin firm that bought the company said today.

Late Friday, Milwaukee-based Brady Corp. acquired Precision Dynamics for $300 million in cash.

Sitting in an airport Monday, en route to Los Angeles with an integration team, Brady corporate communications director Carole Herbstreit said the Brady Corp. doesn’t anticipate any layoffs as a result of the purchase.
Precision has some 265 employees at its Valencia headquarters.

The company has 1,000 employees globally with manufacturing facilities in Tijuana, Mexico, and Port Orange, Fla., and a European sales office with light manufacturing in Nivelles, Belgium.

The Brady Corp., which specializes in identification solutions, acquired Precision Dynamics because it was a leader in the health care identification market, she said.

Specializing in the identification market as well, the Brady Corp. creates solutions to identify premises, products and people via high-performance signage and labels. Brady produces signs that withstands extreme conditions, including chemicals or high temperatures, Herbstreit said.

Precision Dynamics specializes in health care wristbands and labeling systems for use in hospitals around the globe, tracking patient care from the point of admissions through discharge. Recently, it also entered the leisure and entertainment market.

Precision relocated its headquarters to Valencia last summer, becoming fully operational by July 13.

The move came after Precision Dynamics and St. John Companies Inc. merged in 2011. St. John already had a presence in Santa Clarita but Precision had its offices in San Fernando, said Cecil Kost, president and CEO of Precision.

Since neither company had a facility that was the right fit for the two companies when they merged operations, Precision signed a seven-year lease for 44,000 square feet of space at the LNR Entrada Gateway Center. The lease was valued at $10 million, Kost said.

Brady Corp. officials said Friday they expect the deal to have one-time acquisition costs of $8 million to $12 million.
Brady Corp. hasn’t announced whether there will be any leadership changes at Precision Dynamics.

“We just acquired the company on Friday,” Herbstreit said. “A group of us will look at how to best integrate their business with ours.”

jana@signalscv.com
661-287-5599

 

 

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