AMETEK,_ Inc._ (1.7%_ of_ net_ asset_ as_ of_ June_ 30,_ 2017)_ (AME_ –_ $60.57_ –_ NYSE) (NYSE:AME), based in Philadelphia, Pennsylvania, has traded publicly since 1930 as a leading global manufacturer of electronic instruments and electromechanical devices with 15,000 employees and 150 locations operating in North America, Europe, Asia, and South America serving a diverse set of niche markets and applications in energy, aerospace, power, research, medical, industrial, semiconductor, and food and beverage. AME has two business segments Electronic Instruments (EIG) and Electromechanical (EMG), generating about $4 billion in annual sales.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund second quarter 2017 shareholder letter.
