CTB completes acquisition agreement with Cabinplant
The company has purchased a majority share in the Danish processing equipment provider
CTB, Inc., has finalized the purchase of a majority share in Cabinplant A/S. The acquisition agreement was announced on Sept. 5. Terms of the transaction were not disclosed.
The acquisition adds to CTB’s existing line of Meyn processing equipment for poultry as well as tailor-made processing solutions for fish, fruits, vegetables, and convenience foods. Cabinplant’s high-yield processing solutions broaden the range of processing options CTB can offer customers in the food industry.
CTB, Inc., is a leading global designer and maker of systems and solutions for storing, conveying and preserving grain; producing poultry, pigs and eggs; and processing poultry, fish, vegetables and other foods. The company also produces stables, buildings and products for various other applications. CTB’s strategy for growth includes best cost manufacturing, a product-driven focus, expanded global physical presence, strategic acquisitions and enhanced financial strength. The Berkshire Hathaway-owned company serves its customers through a worldwide distribution network.