Meyn Food Processing Technology
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| Company type | Corporation |
|---|---|
| Industry | Manufacture of machinery for food processing; ISIC C2825 |
| Founded | 1959 in Oostzaan, Netherlands |
| Founder | Piet Meijn |
| Headquarters | , |
Number of locations | 14 offices |
Area served | Worldwide |
| Owner |
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Number of employees | >1000 |
| Parent | Berkshire Hathaway |
| Website | www |
About
Meyn Food Processing Technology (better known as Meyn) is one of the world’s largest suppliers of poultry processing solutions. The principal activity of Meyn is the manufacturing of poultry processing equipment for poultry processing plants. They operate in over one hundred countries worldwide and on all continents including Europe, North America, Latin America, Asia, and Africa. The company serves more than 2,000 customers with some processing more than one billion chickens per year, they thereby hold more than 35% of the world market.[1]
As of today, Meyn has four production sites located in the Netherlands, Poland, Italy, and the United States. They employ approximately 1,000 people and have a network of 14 sales offices. Its head office is in Oostzaan, the Netherlands.[2][3]
On 31 July 2012, Meyn approved the takeover 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 the small town of Oostzaan, the Netherlands, in 1959 by Piet Meyn Sr. 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 a machine to process poultry, more specifically chicken. Over the years several innovations were launched on the market such as the first automatic ‘eviscerator’ in the early 1970s, automatic ‘rehangers’ in the 1980s, and automatic ‘deboning’ solutions in more recent years. As such, that first poultry processing machine formed the basis for the core activities the company is still carrying out today.[6]
Following various earlier changes of ownership, Meyn was acquired by Altor Funds (Altor) in 2005.[7] Under its new ownership, the revenues of Meyn experienced a sharp increase from €98 million in 2004 to €205 million in 2005, representing an annual growth of 11 percent. During that same period the gross profit (EBITDA) increased from €12 million to €32 million, showing an annual growth of 15 percent. 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.[4][5]
Products
The company manufactures poultry processing equipment for commercial birds, mainly broilers. Their equipment is deployed along the complete processing line and can therefore be divided into live bird handling, slaughtering, evisceration, chilling, cut up, deboning, plant automation, and plant logistics. Other birds that can be processed with their equipment are layers, as well as ducks and turkeys.[8]
External links
Notes
- ^ Bloomberg. (2019, 20 March). Company Overview of Meyn Food Processing Technology B.V. Retrieved from https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapid=829920
- ^ The National Provisioner. (2012, 15 June). Meyn opens new headquarters in Oostzaan with gift for Dutch Food Bank. Retrieved from https://www.provisioneronline.com/articles/98068-meyn-opens-new-headquarters-in-oostzaan-with-gift-for-dutch-food-bank
- ^ Brouwer, J.J., Zwan, van der G., 2018. Sustainability First. Global challenges, Dutch solutions. C2i Business Stories, Den Haag, 146-151.
- ^ a b Thomson Reuters. (2012, 4 May). Buffett buys Dutch poultry-processing device maker. Retrieved from https://www.reuters.com/article/buffett-meyn/buffett-buys-dutch-poultry-processing-device-maker-idUSL5E8G4F3920120504
- ^ a b CTB, Inc. (2012, 4 May). CTB to Acquire Meyn Holding B.V. Retrieved from http://www.ctbinc.com/news.php?news_id=44
- ^ Wikisage. Piet Meijn. Retrieved from http://nl.wikisage.org/wiki/Piet_Meijn
- ^ Altor. (2004, 12 May). Retrieved from https://altor.com/altor-divests-world-leading-food-equipment-producer-meyn-to-ctb-inc-a-subsidiary-of-berkshire-hathaway-inc/
- ^ Zootecnica International. (2017, 23 January). Interview with Robbert Birkhoff of Meyn. Retrieved from https://zootecnicainternational.com/focus-on/interview-robbert-birkhoff-meyn/
Category:Companies of the Netherlands Category:Poultry farming