MOCON, Inc. (NasdaqGM:MOCO – News) today announced that it has closed the acquisition of PBI-Dansensor A/S (Dansensor) of Ringsted, Denmark, a privately-held leading manufacturer of specialized instrumentation for Modified Atmosphere Packaging (MAP) of foods, beverages, pharmaceuticals, and other perishable items. The transaction broadens MOCON’s product portfolio in the area of package testing and safety equipment.

MOCON acquired 100 percent of the equity interests of Dansensor for DKK 112,000,000 (approximately $20,000,000) with two-thirds of that amount paid in cash at closing, and the remainder to be paid over four years pursuant to a seller note. To help finance the acquisition, MOCON executed a loan agreement with Wells Fargo Bank, N.A. which provides for a combination of a secured revolving credit line and term debt totaling $8.5 million.

MOCON had previously announced on March 12, 2012 that it had signed a definitive agreement to acquire Dansensor. Dansensor’s MAP product line which consists of gas mixers, analyzers and leak detection equipment, dovetails nicely with MOCON’s package testing instruments to help our customers safely extend the shelf-life of their products.

About MOCON

MOCON 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.