Mettler-Toledo International, Inc. (MTD, Financial) is the world’s largest provider of weighing instruments for use in laboratory, industrial, and food retailing applications. The company reported largely positive quarterly results, but weakness in the Chinese market, where Mettler has a large presence, resulted in a slight lowering of its constant currency revenue growth forecast for the year. We continue to believe Mettler is an exceptional business with an outstanding management team, and we remain confident in its longer-term prospects.
From the Baron Asset Fund shareholder letter Q3 2015 by Andrew Peck.
