MOCO - MOCON, Inc.

MOCON, Inc. (MOCO) is a manufacturer of systems for the detection, measurement, and control of gases in various applications, including food and beverage packaging, industrial hygiene, environmental, and pharmaceutical industries. The company operates through two segments: Permeation Products and Services, and Package Testing and Analytical Services.

The Permeation Products and Services segment designs, develops, manufactures, and markets systems that measure the permeation of oxygen, carbon dioxide, and water vapor through barrier films and plastic containers used to package food and beverage products. The Package Testing and Analytical Services segment provides laboratory testing services for packaging materials, finished packaged products, and air and water quality.

MOCON's products are used by a variety of industries, including the food and beverage, pharmaceutical, medical device, and consumer products industries. The company has a global presence and operates in the United States, Europe, Asia, and South America.

In 2017, MOCON was acquired by AMETEK, Inc., a leading global manufacturer of electronic instruments and electromechanical devices, for approximately $182 million. As a result of the acquisition, MOCON is now a subsidiary of AMETEK and operates under its Process & Analytical Instruments division.

Overall, MOCON is a niche player in the gas detection and measurement industry with a focus on food and beverage packaging, environmental monitoring, and pharmaceuticals. With its acquisition by AMETEK, the company has access to a wider customer base and resources, which could lead to further growth and expansion opportunities.