MOCON has reported increased sales driven by an acquisition in its Package Testing segment.
The firm recorded sales of $15.3m for Q4 ended December 31, 2012, an increase of 57% compared to the same quarter in 2011.
This increase was due to the addition of $5.1m in sales from Dansensor A/S (Dansensor), which was acquired in April last year.
Industrial Analyzer segment sales increased 50% in the current quarter compared to the prior year’s fourth quarter as a result of strong demand for gas analyzers, sensors and detectors.
Permeation segment recorded an 18% decrease in sales for the fourth quarter 2012 compared to the prior year due to an unusually strong quarter in 2011.
“We are pleased to report that sales in our Industrial Analyzer and Package Testing segments showed nice increases in the current quarter compared to the prior year which more than offset a decline in our Permeation segment,” said Robert L. Demorest, MOCON President and CEO.