Columbus-headquartered Mettler Toledo International Inc. has acquired D.C. Martin & Son Scales of Grand Rapids, Michigan, according to Calder Capital LLC. The terms of the transaction were not disclosed.
Founded in 1955, D.C. Martin & Son Scales sells, installs, maintains and calibrates industrial scales and weighing systems. The company serves virtually every industry from food and pharmaceutical to discrete manufacturing, agriculture and distribution.
D.C. Martin & Son Scales owners David Martin and Pam Meier have worked in the 65-plus-year-old business since 1984. When Meier expressed a desire to slow down and pursue a transition, she and Martin thought it best to look for a successor for the business that would allow her to exit and allow David to continue with the business longer term. David and Pam approached Calder in 2018 to assist with confidentially representing and marketing the business.
Martin said, in a statement, “While it was a difficult decision to sell our family business, which was now on the third generation, it was the right decision.”
After receiving multiple offers, the owners ultimately choose Mettler-Toledo.
Mettler-Toledo is a global manufacturer and marketer of precision instruments for use in laboratory, industrial and food retailing applications. It is the largest provider of weighing instruments for use in these market segments. The company also provides various analytical instruments, process analytics instruments, and end-of-line inspection systems.
Approximately 8,150, or one-half, of employees provide sales, marketing and service in 40 countries. The company has a manufacturing presence in Europe, the United States and China.
Calder Capital represented D.C. Martin & Son Scales as its exclusive mergers and acquisitions advisory firm.