CTB International Corporation (Nasdaq:CTBC), a public company majority owned by American Securities Capital Partners and descendants of CTB's founder, was sold to Berkshire Hathaway Inc. (NYSE:BRK.A). CTB is a worldwide leader in the manufacture of equipment for the poultry and egg production, hog and grain industries.
"George K. Baum has been a trustworthy and valued partner throughout the entire life of ASCP's involvement with CTB from helping to take CTB public, to facilitating acquisitions that fueled CTB's growth, to providing an exit for our investors through the successful negotiation of a transaction with Mr. Buffett and Berkshire Hathaway. GKB's services were invaluable in seeing that the founding Chocola family and our investors achieved a very substantial return on their initial investment in CTB."
Michael G. Fisch
President American Securities Capital Partners