MOCON Sells Lab Connections to LEAP
Minneapolis, MN —On February 26, MOCON completed the sale of the common stock of its Lab Connections subsidiary to LEAP Technologies for $517,296 in cash. MOCON anticipates an after-tax gain of $90,000 for the first quarter ending March 31. Lab Connections, which MOCON acquired in 1998 makes the LC-Transform product line for fraction collection prior to analysis by FT-IR and MS and other techniques.