The shareholders of Volito have sold the company to CTB, Inc., a subsidiary of Berkshire Hathaway Inc. Financial details have not been disclosed.
CTB is a designer, manufacturer and marketer of agricultural systems and solutions for the poultry, hog, egg production and grain industries. Founded in 1952 and based in the USA, the company operates from facilities located around the globe and through a worldwide network of independent distributors and dealers.
Volito designs and manufactures animal-friendly poultry housing systems for the production of consumption eggs, hatching eggs and rearing hens. Volito, founded in 1989, is one of the few companies worldwide that has the expertise, capability and credibility to provide high quality cage-free poultry systems. The company’s products include nest systems, slatted floors, aviary systems and egg handling systems. Volito is headquartered in Veenendaal, the Netherlands, and sells its products in approximately 15 countries through an extensive network of dealers.
Oaklins' team in the Netherlands advised the seller in this transaction.
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