Exhibit 21
SCHEDULE OF SUBSIDIARIES OF BRADY CORPORATION
Percentage | ||||||
of Voting | ||||||
State (Country) | Securities | |||||
Name of Company | of Incorporation | Owned | ||||
Brady Corporation | Wisconsin | Parent | ||||
Tricor Direct Inc. — | Delaware | 100 | % | |||
Doing Business As: | ||||||
Seton | ||||||
Seton Name Plate Company | ||||||
D&G Sign and Label Co. | ||||||
Seton Identification Products | ||||||
The Hirol Company | ||||||
Worldmark of Wisconsin Inc. | Delaware | 100 | % | |||
Brady Investment Co. | Nevada | 100 | % | |||
EMED Co., Inc. | New York | 100 | % | |||
Stopware, Inc. | California | 100 | % | |||
Permar Sytems, Inc. — | New York | 100 | % | |||
Doing Business As Electromark | ||||||
Henryc, Inc. (U.S.) | New York | 100 | % | |||
Oliver of New York (U.S.) | New York | 100 | % | |||
AIO Holding Inc. | Delaware | 100 | % | |||
AIO Acquisition Inc. | Delaware | 100 | % | |||
TruMed Technologies, Inc. | Minnesota | 100 | % | |||
Identicard Systems Worldwide, Inc. | Pennsylvania | 100 | % | |||
J.A.M. Plastics, Inc. | California | 100 | % | |||
Ave One, Inc. | California | 100 | % | |||
Brady Mexico Holding LLC | Delaware | 100 | % | |||
Brady Luxembourg SARL LLC | Wisconsin | 100 | % | |||
Tradex Converting Inc. | Illinois | 100 | % | |||
Brady People Identification LLC | Wisconsin | 100 | % | |||
Comprehensive Identification Products, Inc. | Massachusetts | 100 | % | |||
PV Acquisitions, LLC | Delaware | 100 | % | |||
Brady International Sales, Inc. | U.S. Virgin Islands | 100 | % | |||
Brady International Co. | Wisconsin | 100 | % | |||
Brady Worldwide, Inc. | Wisconsin | 100 | % | |||
Also Doing Business As: | ||||||
Varitronic Systems | ||||||
Teklynx International | ||||||
Barcodes West | ||||||
Temtec | ||||||
Brady Australia Pty. Ltd. | Australia | 100 | % | |||
Seton Australia Pty. Ltd. | Australia | 100 | % | |||
Accidental Health & Safety Pty. Ltd. | Australia | 100 | % | |||
Trafalgar First Aid Pty. Ltd. | Australia | 100 | % | |||
Carroll Australasia Pty. Ltd. | Australia | 100 | % |
Percentage | ||||||
of Voting | ||||||
State (Country) | Securities | |||||
Name of Company | of Incorporation | Owned | ||||
W.H. Brady, N.V. | Belgium | 100 | % | |||
W.H.B. do Brasil Ltda. | Brazil | 100 | % | |||
Tradex do Brasil Ltda. | Brazil | 100 | % | |||
W.H.B. Identification Solutions, Inc. — | Canada | 100 | % | |||
Doing Business As: | ||||||
Brady | ||||||
GrafTek | ||||||
Revere-Seton | ||||||
Seton | ||||||
Brady Canada Acquisition Co. | Canada | 100 | % | |||
Identicam Co. | Canada | 100 | % | |||
BRC Financial | Canada | 100 | % | |||
Brady Shanghai International Trading Co., Ltd. | China | 100 | % | |||
Brady Technology (Wuxi) Co. Ltd. | China | 100 | % | |||
Brady (Beijing) Co. Ltd. | China | 100 | % | |||
Suzhou Dicel EMC Co., Ltd. | China | 100 | % | |||
Tradex Converting (Langfang) Co., Ltd. | China | 100 | % | |||
Tradex Converting (Suzhou) Co., Ltd. | China | 100 | % | |||
CIPI Xiamen, Ltd. | China | 100 | % | |||
Panyu Meixin Metal Company Ltd. | China | 100 | % | |||
Brady Holdings Danmark ApS | Denmark | 100 | % | |||
Texit A.S | Denmark | 100 | % | |||
B.I. U.K. Limited | England | 100 | % | |||
B.I. Financial Limited | England | 100 | % | |||
Seton Limited | England | 100 | % | |||
W.H. Brady Co. Ltd. | England | 100 | % | |||
Brady Corporation Limited | England | 100 | % | |||
Brady European Finance Limited | England | 100 | % | |||
Brady European Holdings Limited | England | 100 | % | |||
Cleere Advantage Limited | England | 100 | % | |||
Focal Display Limited | England | 100 | % | |||
Focal Signs Limited | England | 100 | % | |||
S & L Signmaker Limited | England | 100 | % | |||
Safety Shop Limited | England | 100 | % | |||
Safety Shop Co. U.K. Limited | England | 100 | % | |||
Signs & Labels Limited | England | 100 | % | |||
Southern Signs Systems Limited | England | 100 | % | |||
Braton Europe S.A.R.L | France | 100 | % | |||
Braton Groupe S.A.R.L | France | 100 | % | |||
Doing Business As: | ||||||
Brady | ||||||
Techniques Avancees | ||||||
Holman | ||||||
Periprint |
Percentage | ||||||
of Voting | ||||||
State (Country) | Securities | |||||
Name of Company | of Incorporation | Owned | ||||
Brady Group S.A.S | France | 100 | % | |||
Doing Business As: | ||||||
Seton | ||||||
Signals & Lettrasoft | ||||||
Brady Holding GmbH | Germany | 100 | % | |||
Brady GmbH | Germany | 100 | % | |||
Doing Business As: | ||||||
Seton | ||||||
Balkhausen | ||||||
Brady ISST | ||||||
Soft & Etimark | ||||||
Quo-Luck Company Limited | Hong Kong | 100 | % | |||
Bakee Metal Manufacturing Company Limited | Hong Kong | 100 | % | |||
Brady Company India Pte. Ltd. | India | 100 | % | |||
Brady Italia, SRL | Italy | 100 | % | |||
Nippon Brady K.K. | Japan | 100 | % | |||
Daewon Industry Co. | Korea | 100 | % | |||
Tradex (Korea) Co., Ltd. | Korea | 100 | % | |||
Brady Luxembourg SARL | Luxembourg | 100 | % | |||
Brady Technology SDN, BHD | Malaysia | 100 | % | |||
W. H. Brady S. de R.L. de C.V. | Mexico | 100 | % | |||
Brady B.V | Netherlands | 100 | % | |||
CIPI Europe, B.V. | Netherlands | 100 | % | |||
Texit A.S. | Norway | 100 | % | |||
Brady NV | Poland | 100 | % | |||
Brady Corporation S.E.A. Pte. Ltd. | Singapore | 100 | % | |||
Brady Corporation Asia Pte. Ltd. | Singapore | 100 | % | |||
Brady Identification S.L. | Spain | 100 | % | |||
Brady AB | Sweden | 100 | % | |||
Seton Scandinavia AB | Sweden | 100 | % | |||
Brady Sweden Holdings AB | Sweden | 100 | % | |||
Tradex Holding AB | Sweden | 100 | % | |||
Tradex Converting AB | Sweden | 100 | % | |||
Tradex AB | Sweden | 100 | % | |||
Brady (Shenzhen) Co. Ltd. | China | 100 | % | |||
Pure Vantage | England | 100 | % | |||
Rapid Update | England | 100 | % | |||
Brady Servicios, S. de R.L. de C.V. | Mexico | 100 | % | |||
Brandon Converting Mexico S. de R.L. de C.V. | Mexico | 100 | % | |||
Brandon Precision Pte. Ltd. | Singapore | 100 | % | |||
Brady Technologies Asia Pte. Ltd. | Singapore | 100 | % | |||
Brady Asia Holding Pte. Ltd. | Singapore | 100 | % | |||
Brady Singapore Holdings Pte. Ltd. | Singapore | 100 | % | |||
ID Technologies Pte. Ltd. | Singapore | 100 | % |
Percentage | ||||||
of Voting | ||||||
State (Country) | Securities | |||||
Name of Company | of Incorporation | Owned | ||||
ID Technologies (China) Pte. Ltd. | Singapore | 100 | % | |||
Brady S.R.O. | Slovakia | 100 | % | |||
Brady Holding Co. Ltd. | Thailand | 49 | %(1) | |||
Brady (Thailand) Co. Ltd. | Thailand | 100 | % | |||
Q.D.P.T | Thailand | 100 | % | |||
Brady (Turkey) Ltd. | Turkey | 100 | % |
(1) | Brady Corporation owns 49% of the outstanding shares of Brady Holding Co. Ltd., but Brady Corporation maintains controlling voting rights. The 51% owner holds preferred shares, which entitle it to one vote for every 20 shares. Brady Corporation holds common shares, which entitle it to one vote for every one share. The preferred shareholder’s share of the net income in Brady Holding Co. Ltd is limited to recovery of its initial investment. |