AMSTERDAM, The Netherlands – CTB Inc. is the new owner of Meyn Holding B.V., a parent company to Meyn Food Processing Technology B.V., which is a leading poultry processing equipment company.
“Meyn is a great match for CTB,” said Victor Mancinelli, CTB president and chief executive officer. “The acquisition joins together leading companies in two distinct sectors of the poultry industry. Both companies are innovative in their approach, and both seek to partner with poultry companies to provide intelligent, forward-thinking solutions.
“The acquisition will provide CTB with the ability to offer global poultry companies total solutions from grow-out through the eventual processing cycle,” he added.
CTB agreed to acquire Meyn Holding from Altor 2003 Fund. CTB said Meyn’s current structure will remain in place, and the acquired company will become a business unit of CTB. The deal is conditional upon approval by competition authorities and the Dutch works council, CTB said.
“Meyn has, under the ownership of Altor, become the global leader in poultry processing solutions,” said Han Defauwes, president and CEO of Meyn. “Meyn has successfully developed its services to encompass the entire poultry processing value chain, providing market leading efficiency to the industry. With CTB as a new owner, we will be able to continue our successful strategy to further build our leading position in the poultry processing industry.
“We are delighted to be part of CTB and we are looking forward to develop Meyn together with CTB by serving our customers with a broader range of products,” he said.