You'd be happy as a pig, too, if CTB fed you. CTB makes automation, feed, and storage equipment for the poultry, swine, grain, and egg industries. Products are sold under such brand names as Agro Logic, Brock, Chore-Time, Fancom, Ironwood Plastics, Laake, Mannebeck, PigTek, Porcon, ProTerra, Roxell, Shenandoah, and Uniqfill. Integrated and environmental, CTB's feeding systems include heating, cooling, and ventilation equipment for livestock, as well as poultry nests, incinerators, weigh systems, drinkers, and egg counters. CTB maintains facilities in North America and Europe, and, most recently, Malaysia. Established in 1952, the company is a wholly owned subsidiary of Warren Buffett's Berkshire Hathaway.
Amid hard times for farmers hurt by a bad economy, CTB has continued to thrive through the use of key acquisitions and the opening of new manufacturing facilities in strategic areas.
In mid-2012 it obtained Meyn Holding, the parent company of Meyn Food Processing Technology. The acquisition of Meyn fortified CTB's core poultry meat processing equipment operations and gave it access to offices in Poland and the Netherlands. Months earlier, CTB made a move to expand its growing PigTek business by purchasing a new manufacturing facility in Georgia.
CTB took over Ironwood Plastics, a maker of precision-molded plastic components, in late 2010. CTB uses molding presses in its poultry-feeding and egg-packaging businesses, as well as in making electronic parts, and the deal boosted its production capacity and customer base outside of farming to medical, automotive, and electronic markets. CTB also launched CTB Malaysia Sdn. Bhd. to better serve customers in Asia in 2010.
▲ Show Less▼ Show Full Description