Meyn Food Processing Technology Explained

Meyn Food Processing Technology B.V.
Type:Corporation
Industry:Manufacture of machinery for food processing; ISIC C2825
Predecessors:-->
Successors:-->
Foundation: in Oostzaan, Netherlands
Founder:Piet Meijn, Cor Koning
Location City:Oostzaan
Location Country:Netherlands
Locations:14 offices
Area Served:Worldwide
Num Employees:>1000
Parent:Berkshire Hathaway

Meyn Food Processing Technology (or simply Meyn) is a supplier of poultry processing services. The principal activity of Meyn is the manufacturing of poultry processing equipment for poultry processing plants. They operate in over ninety countries worldwide and on all continents including Europe, North America, Latin America, Asia, and Africa.[1] [2] They employ approximately 1,000 people and have a network of 14 sales offices. Its head office is in Oostzaan, the Netherlands.[3]

On 31 July 2012, Meyn was taken over by CTB, Inc. (CTB), a subsidiary of Berkshire Hathaway Inc, a designer, manufacturer and marketer of agricultural systems and solutions.[4] [5]

History

Meyn was founded in Oostzaan, the Netherlands, in 1959 by Piet Meijn and Cor Koning. The poultry processing industry is deeply rooted in the region of Oostzaan, where the company developed its first machine to break eggs. It soon followed with the development of machinery to process poultry as a response to increasing local wages.[6] [7]

Following various earlier changes of ownership, Meyn was acquired by Altor Funds (Altor) in 2005. Under its new ownership, the company grew to become the world market leader in this sector, with a turnover of more than 200 million euros. They expanded their business to more than 90 countries and built factories in the United States and Poland.[8] The share of new projects being sold to emerging markets rose substantially while the total workforce doubled from 500 to 1,000 people. In 2012, Altor reached an agreement with CTB, a subsidiary of Berkshire Hathaway Inc, on the sale of Meyn to them. The acquisition was announced by CTB on May 4 of that year.[9]

Products

The company manufactures poultry processing equipment for commercial birds, mainly broilers.

Notes and References

  1. https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=829920 Bloomberg. (2019, 20 March). Company Overview of Meyn Food Processing Technology B.V.
  2. Web site: Buffett koopt Nederlandse pluimveeverwerker. May 4, 2012. Het Parool.
  3. Brouwer, J.J., Zwan, van der G., 2018. Sustainability First. Global challenges, Dutch solutions. C2i Business Stories, Den Haag, 146-151.
  4. Web site: Buffett buys Dutch poultry-processing device maker. May 4, 2012. www.reuters.com.
  5. Web site: Buffett koopt Nederlandse pluimveeverwerker Meyn. May 4, 2012. RTL Nieuws.
  6. Web site: Meyn kreeg wereldvoorsprong door hoge lonen. Van onze verslaggever Lucas van. Grinsven. August 5, 1999. de Volkskrant.
  7. Roels, P., Veenman, R., 2012. Mechanisation. In Time flies. Stichting Oudheidkamer Oostzaan, Oostzaan, 83-86.
  8. Web site: De hele wereld wil kip, en slachtmachines. NRC.
  9. Web site: CTB to acquire Meyn Holding B.V.. fleischwirtschaft.de.