About Meyn

Meyn is the world leader in poultry processing equipment.

Meyn supports the poultry industry in improving their productivity through improved yield, improved speed and labor productivity and reducing down time. Meyn invests extensively in R&D and has a global network for installation projects, with their own service technicians and parts distribution. Meyn offers its customers the latest in efficient poultry processing equipment and all required services for installing and maintaining it.

Altor acquired Meyn in March 2005 and formed the world leader in poultry processing through the add-on acquisition of Systemate Numafa in March 2006. Systemate provided an excellent fit for Meyn in terms of complementing products and geographic coverage. Since then, the company has continued its expansion through the acquisition of Spectral Fusion Technologies (SFT) in June 2007 and Nirzevka International in July 2007. SFT is the world leader for bone scanning technology and this enables Meyn to further strengthen its product and service offer to its customers.
Altor was attracted by the food processing equipment industry as it offers attractive global growth opportunities. As both world population and the protein consumption per capita grow, there is a need for efficient production of proteins. The share of processed meat and fish is therefore growing fast in many markets creating demand for processing equipment. The poultry processing equipment market has been growing faster than other protein types as poultry is gaining share from other protein sources and poultry production offers greater potential for automation.

Altor also identified the food processing industry as fragmented and with substantial differences between the more established and the smaller players. As the smaller players face increasing difficulties serving large customers and reaching global growth markets there will be value creation potential from consolidating the industry. Meyn is viewed as the optimal consolidation platform, based on its leading technology, strong management team and market leader position.

Altor’s ambition as the owner of Meyn is to create the world class industry leader within poultry processing segment. Besides making 3 add-on acquisitions, the management of Meyn and Altor has focused on capturing synergies and implementing well defined global processes within sales, installation projects and after sales. The acquired companies are now fully integrated and operate as one group. Efficient and standardized processes ensure that Meyn’s customers can count on the best possible services anywhere in the world.
During Altor’s ownership the turnover of Meyn has more than doubled. At the same time the synergies and efficiency measures have ensured a healthy profitability level which allows continuing investments in R&D and growth.