Delancey Street Partners is pleased to announce the following transaction:
Henry Troemner, LLC
Sale to Mettler-Toledo International Inc. (NYSE: MTD)
Sector: Industrial & Industrial Technology
Delancey Street Partners served as the exclusive financial advisor to Henry Troemner, LLC
Delancey Street Partners is pleased to announce that we served as financial advisor to Henry Troemner, LLC (“Troemner” or “the Company”), a leader in commercial mass metrology, in its sale to Mettler-Toledo International Inc. (“Mettler Toledo”).
Delancey Street partnered with Troemner to assess, evaluate and explore strategic alternatives; managed a competitive sell-side M&A process; and negotiated the terms of the transaction.
Troemner, headquartered in Thorofare, New Jersey, is a leading provider of precision weights and mass calibration standards, laboratory equipment and calibration services. With a 175-year history, the Company combines metrology expertise, world-class laboratories, a scalable technology infrastructure, manufacturing and industrial design excellence and a multi-channel sales and marketing platform to provide customers in a variety of end markets with high quality, reliable products and services. Troemner serves more than 4,600 customers in the academic, aerospace, energy, general industrial, government, life sciences, medical device, military, nanotechnology, nuclear, pharmaceutical and transportation industries.
Mettler Toledo, headquartered in Columbus, Ohio and Greifensee, Switzerland, is a leading global manufacturer of precision instruments and services for use in laboratories and manufacturing. Mettler Toledo offers weighing, analytical and inspection solutions along its customers’ value chain to help them streamline processes, enhance productivity, reach compliance with regulatory requirements or optimize cost. Mettler Toledo’s products include industrial scales, Mettler-Toledo Rainin pipettes and process analytics equipment. It is the largest provider of weighing instruments for use in laboratory, industrial and food retailing applications. Mettler Toledo had $2.4 billion in revenue in 2015.
The transaction was completed July 30, 2016.
The principals of Delancey Street Partners have significant experience serving the Industrial & Industrial Technology industries. To learn about our experience in Industrial & Industrial Technology, please click here.
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