CTB, Inc., a subsidiary of
Berkshire Hathaway Inc.
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums ...
, is a global designer and manufacturer of systems for preserving grain, producing poultry, pigs and eggs, and processing food. The company is headquartered in
Milford, Indiana, U.S.A., and employs approximately 3,000 people worldwide.
History
The company was initially founded under the name Chore-Time Equipment in 1952, manufacturing poultry, egg and pig production equipment. In 1957, the sister company of Brock Grain Systems was founded, focusing on grain storage. Using the initials of both companies, the brands incorporated under the CTB name in 1976.
On August 19, 2002, CTB International Corp signed a merger agreement with Berkshire Hathaway Inc. CTB became a wholly-owned subsidiary of Berkshire Hathaway once the transaction was complete on October 31, 2002.
Acquisitions
CTB, Inc., has expanded through acquisitions both before and since becoming a subsidiary of Berkshire Hathaway.
In 2006, CTB bought a controlling interest in AgroLogic, an Israeli company that makes climate control and weighing systems for agricultural use.
In 2010, CTB bought Ironwood Plastics, a Michigan-based producer of plastic components used for automobile, military and industrial applications.
The goal of the acquisition was to add capabilities in the plastics segment with the intention of benefitting all CTB business units.
In May 2012, CTB acquired Meyn Holdings, owners of
Meyn Food Processing Technology
Meyn Food Processing Technology (or simply Meyn) is a supplier of poultry processing services. The principal activity of Meyn is the manufacturing of poultry processing equipment for poultry processing plants. They operate in over ninety countr ...
, a Dutch firm that manufactures machines used by poultry integrators to process poultry.
CTB purchased Martin Industries Corp. in December 2012. Martin and its subsidiaries, including Des Moines, Iowa-based LeMar Industries, manufacture bucket elevators, grain conveyors, grain facility structures and other devices for loading and unloading crops from storage.
CTB purchased Holding Hamon Development, a designer and manufacturer of buildings for the poultry industry, in February 2016. This is the parent company of Serupa SAS, which makes buildings for meat-processing and poultry storage.
In September 2016, CTB acquired a majority stake of Cabinplant, a Danish food processing equipment supplier with subsidiaries in Poland, Germany, Spain and the U.S.
Primary Brands
* AgroLogic
* Brock
*
Cabinplant
* CAT Squared
* Chore-Time
* Fancom
* Ironwood Plastics
* Laake
* LeMar Industries
*
Meyn
* PigTek
* Roxell
* Serupa
References
External links
*
{{Berkshire Hathaway
Berkshire Hathaway
1952 establishments in Indiana
Agricultural machinery manufacturers of the United States