World Grain - February 2013 - 117

SUPPLIERNEWS

CTB purchases assets of LeMar Industries
MILFORD, INDIANA, U.S. — CTB Inc.
announced on Dec. 31 that it has purchased
the assets of Martin Industries, Corp. and
its related subsidiaries including LeMar
Industries Corp. LeMar, headquartered in
Des Moines, Iowa, U.S., is a leading designer and manufacturer of all of the structures
and equipment related to loading, unloading
and moving grain through a grain storage facility including catwalks, towers, bucket elevators, conveyors and sweeps. The company
also makes temporary grain storage. Terms
of the transaction were not disclosed.
Martin Industries is also the parent company for Riley Equipment, 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, 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,
U.S., as well as from Vincennes, Indiana, U.S.
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.
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.
“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 acqui-

sition, 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. “We are very pleased
to add these two grain industry leaders to our
team. CTB will continue operations in the

existing LeMar facilities,” Niemeyer said.
“My family and I are thrilled to ﬁnd such
a great home for the business we started
thirty years ago,” Martin said. “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.”

For more information, see Page 126.

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