CTB Inc. (www.ctbinc.com) announced that it has agreed to purchase a controlling interest in M-Tech International, Inc., doing business as CAT Squared, Inc. (www.catsquared.com). Founded in 1995, CAT Squared is a leading global provider of innovative software solutions designed specifically for food processing operations. Headquartered in Conway, Ark., the company also has an office in Celaya, Mexico. Terms of the transaction were not disclosed.
The company’s software modules provide its customers with the ability to collect processing plant data, to produce production and inventory reports and to access traceability information. The multi-language software can be integrated with existing plant machines and ERP systems and boasts a customer base including 60% of the top 50 meat and poultry companies in North America along with additional customers spanning six continents.