Measurement Specialties history

In 1984 Weiss sold his share of Alkalite to his partner and joined Germanton at MSI.

Dissatisfied with the work of its subcontractor, which was not willing to manufacture to MSI's specifications, Weiss traveled to Hong Kong in September 1986, intent on using the money raised from the IPO to establish the company's own manufacturing facility.

In 1993 the company's stock was able to regain a listing, this time on the American Stock Exchange's Emerging Company Marketplace.

Weiss decided it was now prudent to leave the company, and in April 1995 he was replaced as chief executive officer by Mallon.

In 1997 sales topped $25 million and net income totaled almost $1.2 million.

Then in August 1998 he completed the first of several acquisitions in an attempt to accelerate company growth.

The American Stock Exchange halted trading on MSI's stock, and investors who bought shares in the August 2001 offering were quick to sue, claiming the company had been misleading in its prospectus.

The company was forced to borrow even more money to keep its head above water, and then in February 2002 it was struck a staggering blow when it learned that its chief financial officer, Kirk Dischino, had failed to notify the company that it was in default of its bank debt.

Elekon Industries USA, Inc was purchased by Measurement Specialties in June 2004.

HL Planartechnik GmbH located in Dortmund, Germany was purchased by Measurement Specialties in November 2005.