Mesa Labs Acquires Bottle Cap Testing Business Of Vibrac LLC
LAKEWOOD, Colo., Dec. 18 /PRNewswire-FirstCall/ -- Mesa Laboratories, Inc. (Nasdaq: MLAB), a Lakewood, Colorado based manufacturer of electronic instruments and disposables, today announced it has acquired the bottle cap torque testing business of Vibrac LLC, a New Hampshire based company.
Vibrac was founded in 1960 and has been manufacturing precision electromechanical test equipment for the past fifty years. Located in Amherst, New Hampshire, Vibrac manufactures a broad range of automated and manual precision testing systems for accurately measuring torque of numerous types of rotational devices. These systems are used for testing small motors, bearings, fasteners, medical devices, threaded container closures (caps), knobs, switches, computer disc drives, and more. Torque data is used by a wide variety of industries for quality control, product reliability testing, and engineering design.
Mesa Labs was founded in 1982 and manufactures instruments and disposable products utilized in connection with industrial applications and healthcare. Products include DataTrace data loggers which are used for quality control applications in pharmaceutical, food, and medical device manufacturing; Medical meters used for quality control in dialysis clinics; and Raven Biological Indicators used for quality control of sterilization processes in hospitals and dental offices, along with pharmaceutical and medical device companies.
In this transaction, Vibrac is selling to Mesa Labs the assets associated with all of their bottle cap torque testing products. The instruments acquired by Mesa include their original high-performance cap testing product, the Torqo I, along with the newer Torqo II and the innovative Smart Bottle. Additional information about these products can be found on Vibrac's web site at www.vibrac.com.Bottle cap torque testing is important to every industry that uses twist-off caps on their containers. Whether it is beverages, foods, household goods, or drugs, the ability to obtain the correct seal without making it difficult for the consumer to remove the cap is a critical factor for both product quality and consumer acceptance. Vibrac's highly accurate torque testing products make it easy for consumer products companies to achieve these goals. Vibrac will continue to develop, manufacture and market their other torque testing products, which are not associated with bottle cap testing.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV