BERWYN, Pa. and MINNEAPOLIS, April 17, 2017 -- AMETEK, Inc. (NYSE: AME) and MOCON, Inc. (NASDAQ: MOCO) announced that they have entered into a definitive merger agreement under which AMETEK will acquire all of the outstanding shares of common stock of MOCON at a price of $30 per share in cash, which represents a premium of 39% to MOCON's closing share price on April 13, 2017. The aggregate enterprise value of the transaction is approximately $182 million, taking into account MOCON's outstanding equity awards and net cash to be acquired in the transaction. The transaction was unanimously approved by the Board of Directors of MOCON.    

 

Founded in 1963 and headquartered in Minneapolis, MN, MOCON is a leading provider of laboratory and field gas analysis instrumentation to research laboratories, production facilities and quality control departments in food and beverage, pharmaceutical, and industrial applications. For the calendar year ending December 31, 2016, MOCON had sales of approximately $63 million.  

- New bookings of over $1,802,000 US - Revenue for Q1 2017 approximately $1,713,000 US, up 16% - Backlog stands at approximately $9,000,000 US and Book to Bill YTD over 1.5 - Omni-Lite produces first partial component from Aerospace Titanium

 

LOS ANGELES, CALIFORNIA--( April 11, 2017) - Omni-Lite Industries Canada Inc. (the "Company" or "Omni-Lite") (TSX VENTURE:OML)(OTCQX:OLNCF) is pleased to announce new sales orders of over $1,802,000 US. Of these orders, 57% are in the Military division, 26% are in the Aerospace division, 11% are in the Specialty Automotive division, and 6% are in the Sports and Recreational division. "The most significant portion of these orders are new military contracts which represent another extension of a program that began in Nov 2014. This is the third set of orders in this program," stated Allen W. Maxin, President. "This brings the total value of the new orders announced this year to approximately $2,806,550 US or $3,744,000 CDN at the conversion rate of April 10, 2017."

WUXI, China, April 7, 2017  -- Cleantech Solutions International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT) today announced that it received a letter from The NASDAQ Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement. The letter noted that, as of April 5, 2017, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days. Accordingly, Nasdaq advised the Company that the Company has regained compliance with Nasdaq Marketplace Rule 5550(a)(2).

MIAMI --  EnviroStar, Inc. (NYSE MKT: EVI) today reported revenues and net income for the six and three-month periods ended December 31, 2016. As previously disclosed, on October 10, 2016, EVI completed the acquisition of substantially all of the assets of Western State Design LLC (“Western”), a California-based distributor of commercial, industrial, and coin-operated laundry products and a provider of installation and routine maintenance services. The results of Western’s operations following the closing date are included in EVI’s results of operations for the six and three-month periods ended December 31, 2016.

 

For the six months ended December 31, 2016, revenues increased by 188% to approximately $42.9 million from approximately $14.9 million for the same period of fiscal 2016. For the first six months of fiscal 2017, EVI generated operating income and net income of approximately $2.8 million and $1.7 million, respectively, or $0.19 per share, compared to operating income and net income of approximately $860,000 and $536,000, respectively, or $0.08 per share, for the same period of fiscal 2016.