Buffett's CTB Buys Hamon for Poultry Processing in French Marketby and
Mancinelli says Serupa to add to CTB's customer base
Serupa unit works on building design, aviary systems
CTB Inc., the farm-products firm owned by Warren Buffett’s Berkshire Hathaway Inc., bought Holding Hamon Developpement, a designer and manufacturer of buildings for the poultry industry.
The target company is the parent of Serupa SAS and makes facilities for meat-processing and poultry storage, Milford, Indiana-based CTB said in a statement Monday on its website that didn’t disclose terms.
Victor Mancinelli, the CTB leader who has been praised by Buffett as capable of running any company in the Fortune 500, has been expanding through acquisitions in the U.S. and abroad. He struck a deal in 2012 to buy Meyn Holding BV of the Netherlands to expand into neck breakers and eviscerators for chickens.
The Hamon deal “enhances the overall CTB position in the important French-speaking markets where Serupa already has a strong customer base,” Mancinelli said in the statement. “Serupa has significant expertise in turnkey supply, building design, integration of buildings with environmental packages and supply of aviary systems.”
Merdrignac, France-based Hamon is also the parent of Mafrel SAS. That unit and Serupa have about 100 employees between them, and that level will probably not change as a result of the deal, according to the statement.