MODESTO, Calif.—Boyd Corp. completed the first phase of its purchase of the Asian and European precision die-cut converting business of Brady Corp.
Operations and facilities included in the first phase are: Chon Buri, Thailand; Gumi, Korea; Syke, Germany; Singapore; and Malaysia and a combined work force that exceeds 1,200 worldwide.
Boyd said the newly acquired Asian operations primarily manufacture high-performance products such as gaskets, meshes, heat dissipation materials, antennae dampers, filter and similar products in the mobile computing, data storage and electronics industries.
The European operations manufacture precision components and thermal management products used in the medical, automotive electronics and telecommunications industries, according to Boyd.
The second phase of the transaction is expected to close mid-year and will include three Chinese facilities—Shenzhen; Langfang; and Wuxi—in addition to sites in Taipei, Taiwan; and Nodinge, Sweeden.
Boyd's product portfolio includes environmental seals and gaskets and energy management components, including EMI shielding, acoustic and thermal insulation, cushioning and shop absorption, thermal management, and bonding systems.