CTB Purchases the Assets of LeMar Industries
MILFORD, Ind., December 31, 2012--
Martin Industries is also the parent company for Riley Equipment (www.rileyequipment.com), which makes bucket elevators, grain conveyors and other bulk material handling equipment; Hall Industries, a custom designer and metal fabricator with a state-of-the-art powder-coating operation; Midwest Bearing & Supply (www.midwestbearing.com), a bearing and power transmission supply house; and The Grain Reclaim Machine Company, a grain pickup service. The company operates from facilities in Des Moines and Sheffield, Iowa, as well as from Vincennes, Indiana. Lemar’s facilities encompass more than 300,000 square feet of manufacturing space with a focus on precision in-house engineering and lean manufacturing. The company employs nearly 200 people and is widely recognized for its proven ability to design custom solutions for customers in the U.S. and around the world. It is an American Institute of Steel Construction (AISC) certified fabricator.
CTB president and chief executive officer Victor A. Mancinelli noted that the acquisition completes CTB’s offering to the grain industry. “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 Mancinelli. “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.”
Mancinelli added, “LeMar has had a close relationship with Brock and its dealers for many years. This broadening of our already strong grain product line should benefit our dealers and customers tremendously through the ability to rely on Brock as a single source solution to their needs.”
LeMar was founded in 1982 by Bob and Sharron Martin. Bob Martin has managed the company together with his sons Scott and Richard for the last 11 years. After the acquisition, the senior managers, Scott Martin and Jason Luster, will continue in their respective leadership roles and will report to CTB’s Doug Niemeyer, Executive Vice President and General Manager of CTB’s Brock Grain Systems business unit. Niemeyer remarked, “We are very pleased to add these two grain industry leaders to our team.” CTB will continue operations in the existing LeMar facilities.
Commenting on the acquisition, Bob Martin said, “My family and I are thrilled to find such a great home for the business we started thirty years ago. Brock is well known as an industry leader, and, with its backing by CTB and Berkshire Hathaway, it offers great stability and promise for the future of LeMar’s brands and product lines.”
CTB, Inc. (www.ctbinc.com), a Berkshire Hathaway company, is a leading global designer, manufacturer and marketer of systems and solutions for producing grain, poultry, pigs and eggs; and for processing poultry. Its products and services are “Helping to Feed a Hungry World®” through grain storage, handling, conditioning and drying; through improved efficiency and air quality management in the care of poultry and livestock; and through efficient and high yield poultry processing. CTB also produces equestrian enclosures and makes equipment for various industrial applications. Founded in 1952, CTB has been dedicated to “Leadership Through Innovation®” throughout its history. The company operates from multiple locations in various countries around the world and serves its customers through a worldwide network of independent dealers and distributors.
© 2012 CTB, Inc.
All trademarks and registered trademarks included in this release are the intellectual property of CTB, Inc. and/or its affiliates.
LeMar Acquires Hall Industries, Merges Midwest Bearing
Strategic expansion enhances industry-leading innovation & expands capacity
DES MOINES, IA, January 14, 2011 - LeMar Industries Corp. has made two strategic moves, acquiring Hall Industries of Sheffield, Iowa, and merging Midwest Bearing of Des Moines, Iowa, into its family of companies.
“These moves are a key step in LeMar’s overall growth strategy and give us the ability to expand core product offerings into the growing ag market,” says Jason Luster, General Manager. “This will help us continue to provide our customers the level of service and flexibility they demand and deserve.”
Hall Industries, a cutting-edge design and metal fabrication shop, primarily services the ag industry. Founded by Todd and Lorri Hall in 1999, the company consists of more than 30,000 ft2 of fabrication space including a new powder coat facility.
“We are very excited with this acquisition. Hall Industries has an excellent reputation for custom design and fabrication in both the grain and seed industries,” says Luster. “We plan to invest both equipment and people capital in this business immediately.”
Todd Hall will remain onboard and become part of the key management team, and Hall Industries will remain as the operating business name.
Further strengthening their growth strategy, LeMar also added Midwest Bearing, a leading bearing and power transmission aftermarket supply house.
“We see significant bearing and power transmission demand in the grain industry, and this merger fills a void by providing another tangible benefit to our customers while capitalizing on existing synergies,” says Luster. “‘Ease of doing business’ is one of our key markers. We continue to push ourselves to improve on that every day, and the addition of Midwest Bearing helps us accomplish that objective.”
LeMar Industries is an agricultural as well as sand & gravel design and manufacturing operation providing: support towers, catwalks, temporary storage, transport conveyors, bulk weighers, drive over conveyors, open belt conveyors, grain pickup service and super structures along with specialty fabricated equipment. The LeMar Industries family of companies also includes Riley Equipment, a preferred designer and manufacturer of processing machinery and bulk material handling equipment; Hall Industries, a cutting-edge design and metal fabrication shop; Midwest Bearing, a leading bearing and power transmission aftermarket supply house; and Grain Reclaim, the fastest, most reliable grain pickup service. LeMar was founded in 1982 by Robert and Sharron Martin.
For more information, visit www.lemarindustries.com.