In 1994 the revenue exceeded 100 million Danish kroner and in 1995 the company was listed on the Copenhagen Stock Exchange raising a net value of 85.5 million Danish kroner. In 1999, Danish industrial firm Schouw & Co. purchased a 60 percent stake in the company. By 2001, Schouw had fully acquired Martin and delisted it from the stock exchange. Martin expanded production in 2002 through a new 11.500 square meter factory in Frederikshavn and a year later the company began outsourcing production to China at a factory in Zhuhai.