World’s largest poultry manufacturer sold

The world’s largest poultry processing machinery manufacturing company has been sold, says the private equity owner.

After doubling in size and profits in seven years, Altor Equity Partners AB said it agreed to sell Meyn – based in Netherlands – to CTB for an undisclosed sum.

With its HQ in the Dutch city of Oostzaan, Meyn develops manufactures, markets and distributes its “wall to wall” poultry processing equipment to over 90 countries.

Bengt Maunsbach, a partner at the Scandinavian private equity outfit, said the firm had a clear plan when it purchased Meyn in 2005 and that a series of recent spontaneous offers had signalled that now was the right time to sell.

He said: “We are pleased with the way Meyn has developed, particularly in the light of the challenging business environment during the global recession experienced a few years ago”.

The share of new project sales from fast growing emerging markets such as Russia, India, China and South America has increased from approximately 30% to 60% over the period while the number of employees has doubled from approximately 500 to 1,000.

Mr Maunsbach said: “We have invested significantly in growth markets, new factories, R & D and strategic acquisitions to ensure Meyn realised its full potential of becoming the market leader in poultry processing equipment”.

CTB’s new owner said they felt confident about continuing the company’s impressive growth. CTB is a global player in the design, manufacture and marketing of systems for the poultry, egg production, and grain industries.

Victor A. Mancinelli, the president and CEO of CTB, said: “Meyn is a great match for CTB. 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”.

Meyn will keep its current structure while becoming a business unit of CTB. The Dutch’s company’s management will also continue in their current roles.

The transaction is subject to applicable governmental and Dutch work council approvals.


on Twitter, 'LIKE' us on Facebook

Comments are closed.