CTB Inc. announced that it has agreed to purchase a controlling interest in M-Tech International Inc., doing business as CAT Squared Inc.

Founded in 1995, CAT Squared is a leading global provider of innovative software solutions designed specifically for food processing operations, including beef, pork, chicken, turkey, seafood, produce, primary processing and further processing and handling plants. The company also provides hardware and support services. CAT Squared is headquartered in Conway, Ark., and has an office in Celaya, Mexico.

Terms of the transaction were not disclosed.

CAT Squared's software modules provide its customers with the ability to collect processing plant data, generate production and inventory reports and access traceability information. The multi-language software can be integrated with existing plant machines and ERP systems. The customer base includes many of the top 50 meat and poultry companies in North America, along with additional customers spanning six continents, according to the announcement.

The acquisition represents CTB's third investment in the processing sector, following its 2016 purchase of a controlling interest in Cabinplant A/S and its 2012 acquisition of Meyn Holding B.V. Cabinplant designs and manufactures advanced equipment for difficult-to-handle convenience foods and food products such as seafood, fruits, vegetables, meat, poultry and dairy. Meyn provides innovative poultry processing solutions from arrival systems to final packaging and shipment of food products.

"CAT Squared's product line supports CTB's mission of providing a single source of supply to its processing industry customers," CTB chairman and chief executive officer Victor A. Mancinelli said. "The software offers potential efficiency improvements for a wide variety of processing equipment, including processing markets new to CTB such as pork and beef."

CEO R. Vernon Smith and chief technology officer Stephanus C.P. Schoeman, the founding partners of CAT Squared, will both continue in their present roles. Operations will remain in their existing facilities, which have approximately 45 employees.

Smith and Schoeman said they look forward to building on their previous cooperation with CTB. According to Smith, "Stefan and I have enjoyed our recent collaborations with Meyn, and we look forward to the growth potential that our new closer association will afford." Schoeman added, "CTB has a tremendous reputation for quality and innovation, and we are really pleased that CAT Squared has found a home with such a first-class company."

CTB Inc., a Berkshire Hathaway-owned company, 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. It also produces food processing software solutions, stables, buildings and products for various other applications.