Mettler-Toledo International, Inc. (MTD, Financial) is the largest manufacturer of weighing instruments for use in various laboratory and industrial applications. Mettler has long had a significant presence in the Chinese market, which accounts for approximately 18% of the compan y's reve nues. Mettler's shares performed well in the quarter as investors began to believe the worst of the slowdown in China was behind the company. Expectations now contemplate that Mettler's growth in China will recover in the second half of 2013 and continue into 2014. We continue to believe that Mettler is a well-managed business with pricing power that will generate consistent long-term growth, driven in part by emerging markets.
From Ron Baron's Baron Funds third quarter 2013 report.
From Ron Baron's Baron Funds third quarter 2013 report.
