CTB, Inc. purchases Shore Sales of Illinois, Inc.
January 3, 2010
by World Grain Staff
MILFORD, INDIANA, U.S. — Victor A. Mancinelli, CTB Inc. president and chief executive officer, on Dec. 30 announced that the company has purchased the assets of Rantoul, Illinois, U.S.-based Shore Sales of Illinois, Inc., which was founded in 1968 and designs, manufactures, sells and services moisture testers for the grain, seed, coffee, milling, processing and farm markets, including portable testers as well as a line of grain grading equipment. Terms of the transaction were not disclosed.
CTB has been manufacturing and marketing grain and feed storage systems since 1957 and has subsequently added lines of equipment for grain handling, conditioning and drying. The company, headquartered in Milford, Indiana, previously acquired the Grain Systems Division of Butler Manufacturing Company in 1997, grain handling products from ABC Industries in 2000 and the assets of grain dryer manufacturer Beard Industries in 2002.
“The moisture testers are a very good complement to our BROCK grain management systems and extend our product offering to grain elevators and feed mills,” Mancinelli said. “Additionally, CTB’s extensive domestic and international distribution channels open up broader distribution opportunities for Shore Sales’ products.”
Fred Seeber, president of Shore Sales, noted, “We’re excited about the opportunity to expand distribution and to build on our technological leadership in moisture sensing devices with new product development.” Seeber will remain with the unit to lead its expanded sales and product development efforts. Manufacturing for Shore Sales will remain in Illinois.