MOCON Announces Finalization of Sale of Business Formerly Known as Microanalytics to Volatile Analysis Corporation
May 20 2016 - 8:00AM
MOCON, Inc. (NASDAQ:MOCO) announced today that on May 18, 2016 the
sale was finalized of substantially all the assets of the
business which was formerly known as ‘Microanalytics’ and
which is currently conducted in Round Rock, Texas to Volatile
Analysis Corporation of Huntsville, Alabama (“VAC”).
In January 2016, MOCON and VAC had announced that they had
entered into an agreement for this purchase. VAC is a global
leader in off-odor and aroma technologies. Katherine
Malmay-Bazemore, chief executive officer of VAC said:
“Microanalytics has for years performed excellent work in off-odor
identification due to the dedicated group of individuals and their
technical skills and assets. These include specialized odor testing
kits and equipment. We are excited to bring them under the Volatile
brand where they compliment VAC’s existing offerings of business
acumen, claims support, and scientific expertise. Together we
bring an end-to-end solution for the specialized chemistry issues
and opportunities that comprise odor, flavor, and aroma.”
Commenting on the finalization of the sale, MOCON’s chief
operating officer Don DeMorett said, “We are pleased to complete
the transition of our Microanalytics business to VAC.
VAC will be an excellent fit for this business and we believe our
customers will experience the same high quality service and support
for their odor and aroma identification and consulting needs that
they enjoyed with MOCON.” DeMorett added, “We believe this decision
aligns with our overall corporate strategy, allowing us greater
opportunity to focus on our core business of materials and
microbial testing.”
About MOCONMOCON is a leading
provider of detectors, instruments, systems and consulting services
to research laboratories, production facilities, and quality
control and safety departments in the medical, pharmaceutical, food
and beverage, packaging, environmental, oil and gas and other
industries worldwide. See www.mocon.com for more
information. MOCON's shares are
traded on the NASDAQ Global Market System under the symbol
MOCO. MOCON is a registered trademark of MOCON,
Inc.; other trademarks are those of their respective holders.
About Volatile Analysis CorporationVAC, located
in the Huntsville, Alabama metropolitan area, is a leader in
analytical chemistry services involving volatile chemicals and
associated odor/aroma, and flavor. VAC operates a research division
located on the world renowned HudsonAlpha Institute for
Biotechnology Campus. VAC develops technologies and protocols in
the fields of disease detection, food safety, and genetics that are
based on volatile chemicals. See www.volatileanalysis.com for more
information.
Press inquiries can be directed to:
Jeremy Cummings at Info@volatileanalysis.com
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