CTB International Corp. to Acquire STACO, Inc., a Leading Swine Feeder Manufacturer.MILFORD, Ind.--(BUSINESS WIRE)--June 2, 1998--CTB International Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CTBC CTBC Computer Take Back Campaign CTBC Cape Town Bridge Club (South Africa) ) today announced that it has signed a letter of intent to acquire STACO STACO Standing Committee for the Study of Principles of Standardisation , Inc. of Schaefferstown, Pennsylvania Schaefferstown is a census-designated place (CDP) in Lebanon County, Pennsylvania, United States. The population was 984 at the 2000 census. The historic Bomberger's Distillery, although now closed, is near Schaefferstown. . STACO is a leading manufacturer of feeders and other equipment for the swine raising industry. The proposed acquisition is subject to completion of a definitive agreement. Terms of the transaction were not disclosed. Chris Chocola Joseph Christopher "Chris" Chocola (born February 24 1962) was a Republican member of the United States House of Representatives from Indiana's At-large congressional district (map) from 2003 to 2007. He was defeated in 2006 by Joe Donnelly. , president and chief executive officer of CTB CTB Council Tax Benefit (UK) CTB Coopération Technique Belge (French: Belgian Technical Cooperation) CTB Commonwealth Transportation Board (Virginia Department of Transportation) International Corp., noted, "STACO and its line of swine systems fits our growth strategy perfectly. This acquisition, and the planned acquisition of Sibley Industries announced last month, are both steps forward in our goal of supplying the poultry and swine industries with the highest value and most complete package of products and services to meet our customers' needs." Both companies have solid reputations within the agriculture industry for high quality and excellence in customer service. CTB has been designing, manufacturing and marketing products for the agriculture industry since 1952. STACO, Inc. was founded in 1982. No immediate changes in STACO's operations are planned. Under the terms of the proposed transaction, the company will continue to operate under the leadership of George Zimmerman, STACO's president. CTB International Corp., based in Milford, Indiana, is a leading manufacturer and marketer of automated feeding, watering and ventilation systems, and commercial egg laying and handling systems as well as feed and grain storage bins. The company serves the poultry, swine, egg production and grain industries.
CONTACT: CTB International Corp.
Don Steinhilber, 219/658-4191
http://www.ctbinc.com
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