CTB purchases LeMar assets

CTB purchases LeMar assets

INDIANA-based CTB Inc., a designer and manufacturer of grain and feed handling and storage equipment, announced Dec. 31 that it has acquired the assets of LeMar Industries and its subsidiaries.

CTB, owned by Berkshire Hathaway, is among the top names in building systems and solutions for the grain, poultry, pork and egg sectors, with such well-known brands as Brock, Chore-Time, Meyn and PigTek.

LeMar, located in Des Moines, Iowa, engineers and builds structures and equipment related to loading, unloading and moving grain through storage and handling facilities.

Founded in 1982 by Bob and Sharron Martin, LeMar went on its own shopping spree over the past two years, completing three mergers and acquisitions to augment the company's in-house design and fabrication capabilities, including:

* Hall Industries, a custom metal fabrication and powder-coating operation, acquired in 2011;

* Midwest Bearing & Supply, a bearing and power transmission supply house, merged in 2011, and

* Riley Equipment, a builder of bucket elevators, grain conveyors and other bulk material handling equipment, acquired in January 2012.

LeMar has production facilities in Des Moines and Sheffield, Iowa, and Vincennes, Ind. The acquisition adds 300,000 sq. ft. of manufacturing space to the CTB portfolio, as well as precision in-house engineering and design capabilities.

"Adding LeMar's leading grain handling systems to Brock's line of grain storage, handling, conditioning and drying solutions means that CTB's Brock division can now offer its customers and dealers a complete grain preservation package," CTB president and chief executive officer Victor Mancinelli said. "This broadening of our already strong grain product line should benefit our dealers and customers tremendously through the ability to rely on Brock as a single-source solution to their needs."

Volume:85 Issue:01

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