This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Mesa Labs Acquires Bottle Cap Testing Business Of Vibrac LLC

The bottle cap testing products complement Mesa Labs' existing line of DataTrace logging instruments, which are utilized within the food & beverage and pharmaceutical industries for design, validation and quality control applications.  These same industries use bottle cap torque testing during the development process of new containers and for routine quality control during their packaging operations.  The acquisition of the Vibrac products is expected to be accretive to Mesa's earnings per share during this first 12 month period following the closing.

"We are excited to add this new line of bottle cap testing instruments to Mesa's existing quality control products for our key industrial markets," said John Sullivan, President and CEO of Mesa Labs.  "Vibrac's products incorporate high quality, industry leading designs.  In particular, the Smart Bottle is a patent protected, one-of-a-kind design that allows the user to accurately measure application torque in real time, rather than removal torque at a later time.  There are great growth opportunities for the Torqo and Smart Bottle products, as we integrate them into our distribution channels and undertake further product development.  Adding unique, market-leading products like these to Mesa's portfolio is a key part of our growth strategy, and we expect to do very well with this new line of instruments."

"The Torqo and Smart Bottle products are a strategic addition to Mesa's line of DataTrace logging instruments," said Tom Rogers, President and General Manager of Vibrac. "We are confident that Mesa will build on our success with the cap testing products, and reach new markets and new customers in the consumer product packaging industries. Vibrac will continue to develop new technologies while moving forward with a new and dedicated focus on advancing our lines of precision torque sensors, torque testing instruments and bearing test systems."

This news release contains forward-looking statements which involve risks and uncertainties.  The Company's actual results could differ materially from those in any such forward-looking statements.  Additional information concerning important factors that could cause results to differ materially from those in any such forward-looking statement is contained in the Company's Annual Report on Form-10K for the year ended March 31, 2009 as filed with the Securities and Exchange Commission, and from time to time in the Company's other reports on file with the Commission.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • 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 Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs