Acquisition will expand CTB's offering to grain industry, says company
CTB Inc. has purchased the assets of Martin Industries Corp. and its related subsidiaries including LeMar Industries Corp., a designer and manufacturer of all of the structures and equipment related to loading, unloading and moving grain through a grain storage facility including catwalks, towers, bucket elevators, conveyors and sweeps. Terms of the transaction were not disclosed.
The acquisition completes CTB’s offering to the grain industry, according to the company. “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,” said Victor A. Mancinelli, CTB president and CEO. “The acquisition also provides CTB with additional engineering expertise and talented people as well as with manufacturing options in the heart of the U.S. grain belt.”