Mesa Laboratories, Inc. (MLAB) Raises Quarterly Dividend 6.7% to $0.16; 1% Yield

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Go back to Mesa Laboratories, Inc. (MLAB) Raises Quarterly Dividend 6.7% to $0.16; 1% Yield

Mesa Laboratories (MLAB) Acquires PCD Business of PCD-LLC

October 15, 2014 2:08 PM EDT

Mesa Laboratories (NASDAQ: MLAB) announced the acquisition of substantially all of the assets and certain liabilities of the process challenge device business (the "PCD Business") from PCD Process Challenge Devices, LLC, a California company ("PCD-LLC").

The acquisition of the PCD Business is expected to add approximately $2,800,000 to Mesa's revenues and to be accretive to its diluted net income per share during the first twelve months. For additional information on the acquisition, please refer to Mesa's filings on Forms 8-K and 10-Q.

PCD-LLC sources biological indicators ("BIs") of known resistance from a variety of... More