CTB acquires poultry processing firm Meyn Holding

CTB, a manufacturer of systems and solutions for the poultry, pig, egg production, and grain industries agreed to acquire Meyn Holding from private equity firm Altor.

Meyn Food Processing Technology, based in Oostzaan, the Netherlands, manufactures poultry processing machines such as such as stunners, killers, head-pullers and feet-cutters.

Terms of the deal were not disclosed.

In 2011, Meyn posted revenue of €205m, and earnings before interest, tax, depreciation and amortisation (EBITDA) of €32m. The company employs about 1,000 people.

CTB chief executive Victor A Mancinelli said the acquisition joins together leading companies in two distinct sectors of the poultry industry.

"The acquisition will provide CTB with the ability to offer global poultry companies total solutions from grow-out through the eventual processing cycle," Mancinelli added.

CTB was acquired by Berkshire Hathaway, an American multinational conglomerate holding company headquartered in Omaha, Nebraska, US, in 2002.