Altor exits Meyn to Berkshire Hathaway subsidiary

Meyn has seen EBITDA increase from €12m to €32m since the acquisition in 2005. Over the same period, its staff has doubled from 500 to 1,000 and its revenues increased from €98m to €205m, with a larger proportion of new project sales in emerging markets.

Partner Bengt Maunsbach commented that Altor has supported growth in emerging markets, investments in R&D and strategic acquisitions.

Previous funding
Altor acquired Meyn in March 2005, investing from Altor 2003 Fund. Intermediate Capital Group provided mezzanine from its ICG Mezzanine 2000 fund. The portfolio company acquired Systemate Numafa in March 2006.

Company
Meyn, founded in 1959, produces and distributes poultry processing systems and equipment to around 90 countries. Based in Oostzaan, Netherlands, with additional production facilities in Poland and the US, the business employs 1,000 staff and recorded a €32m EBITDA from a €205m turnover in 2011.

People
Partner Bengt Maunsbach led the deal for Altor.

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