Altor 2003 Fund (”Altor”) has reached an agreement to sell Meyn Holding B.V., parent company to Meyn Food Processing Technology B.V. (“Meyn”), the global leading poultry processing solutions company, to CTB, Inc. (“CTB”), a subsidiary of Berkshire Hathaway Inc., and a leading designer, manufacturer and marketer of agricultural systems and solutions.
Headquartered in The Netherlands, Meyn is the global market leader in poultry processing solutions serving industrial poultry processors worldwide through its offering of full “wall-to-wall” solutions.

Meyn develops, manufactures, markets and distributes its poultry processing solutions globally to over 90 countries.

Since Altor’s acquisition of Meyn in early 2005, Meyn’s revenues have increased from EUR 98 million in 2004 to EUR 205 million in 2011, representing an average annual growth of 11per cent, while strengthening EBITDA from EUR 12 million to EUR 32 million, an average annual growth of 15 per cent. Over the same period, the...