CTB Inc. announced the purchase of Holding Hamon Developpement, a designer and manufacturer of buildings for poultry keeping, processing plants and industry and parent company of Serupa SAS and Mafrel SAS, with headquarters in Merdrignac, France.
Terms of the transaction were not disclosed.
The two companies focus on an integrated offering of poultry buildings and equipment. Serupa is a turnkey designer and manufacturer of buildings for poultry as well as for meat processing and other industries. Mafrel is a supplier of building kits and poultry equipment such as that supplied by CTB's Roxell, Fancom and Chore-Time business units.
The acquisition includes the companies' facilities in Merdrignac comprising 177,600 sq. ft. Serupa and Mafrel together employ approximately 100 people. CTB said it does not anticipate a change in employment levels as a result of the acquisition. Serupa and Mafrel will continue their relationships with their preferred suppliers. Operations will continue in the existing facilities in France.
CTB chairman and chief executive officer Victor A. Mancinelli noted that the acquisition further broadens CTB's offering to the poultry industry with another industry-leading company.
“Serupa's poultry building quality is highly respected, as are CTB's poultry production and poultry processing equipment brands. In fact, CTB's Roxell subsidiary is already a supplier to Serupa,” Mancinelli said.
“The acquisition presents opportunities for CTB equipment brands to strengthen their positions by providing turnkey solutions to their global customers and, in addition, enhances the overall CTB position in the important French-speaking markets where Serupa already has a strong customer base,” he continued. “Serupa has significant expertise in turnkey supply, building design, integration of buildings with environmental packages and supply of aviary systems."
Serupa was founded in 1974 by Bernard Hamon and most recently has been led by his sons Jean-Francois Hamon and Patrice Hamon. After the acquisition, deputy managing director Philippe Vernet will become president of the companies, and Jean-Francois Hamon will stay on in a supporting and transitional role.
CTB, a Berkshire Hathaway company, is a leading global designer, manufacturer and marketer of systems and solutions for preserving grain, producing poultry, pigs and eggs and processing poultry.
Its products and services are “Helping to Feed a Hungry World” through grain storage, handling, conditioning and structures; through improved efficiency and air quality management in the care of poultry and livestock, and through efficient and high-yield poultry processing. CTB also produces premium equine stables, buildings for the poultry industry and buildings and products for various other industrial applications.
Based in Milford, Ind., the company operates from multiple locations in various countries around the world and serves its customers through a worldwide network of independent dealers and distributors.