Ametek Inc. completes acquisition of Mocon Inc.
Berwyn, Pa.-based Ametek Inc. completed its acquisition of Mocon Inc., Minneapolis, in June. At a price of $30 per fully diluted common share, the purchase added up to $182 million. Ametek CEO David A. Zapico said the acquisition of Mocon "helps us expand our gas-analysis instrumentation business in the growing food and pharmaceutical packaging markets." As a result of the acquisition, stock for Mocon, which posted $63 million in sales in 2016, will no longer be listed for trading.