Ametek Buys Mocon for $182m

Ametek, Inc. has agreed to buy Mocon, Inc. for $182 million.

Founded in 1963 and headquartered in Minneapolis, MN, Mocon, which recorded sales of $63 million in 2016, is a provider of laboratory and field gas analysis instrumentation to research laboratories, production facilities and quality control departments in food and beverage, pharmaceutical, and industrial applications.

“Mocon is an excellent company that has tremendous synergy with Ametek,” said David Zapico, chief executive officer, Ametek. “They are the global leader in gas analysis instrumentation for package and permeation testing. Its products and technologies nicely complement our existing gas analysis instrumentation business and provides us with opportunities to expand into the growing food and pharmaceutical package testing market.”

Robert Demorest, president and chief executive officer, Mocon, said, “By joining a larger global enterprise, Mocon will have the resources to expand our market leading gas analysis products and technologies.”