The Big Dutchman group based in Vechta, Germany, announced today that it has acquired Qingdao Betco Asia Co., Ltd. (Betco Qingdao), which is the livestock building business of the North Carolina-based steel structure specialist Betco, Inc. with over 30 years of experience.
With about 60 employees globally, Betco Qingdao is one of the leading suppliers of steel structure livestock buildings for pig and poultry management worldwide, in particular in the Asia-Pacific region. Betco Qingdao was founded as the Asian branch of Betco, Inc. in Jiaozhou, China, in 2011 to develop, design, and install livestock buildings for the Asian market. Due to its fast growth and the establishment of production plants in China, Betco Qingdao now sells livestock buildings worldwide.
“The acquisition of Betco Qingdao is an important step to strengthen the building know-how of our brand Agricon and to further our strategy of becoming the most competitive supplier of turn-key solutions,” says Bernd Meerpohl, CEO of Big Dutchman. Sam Sabri, CEO of Betco, Inc., sees the transaction with a tear in one eye and a smile in the other. “On the one hand, it is sad to sell this business as it has developed so well, even though it is still in the developing stages. On the other hand, Betco Qingdao is now at a point where intense attention and close market observation are necessary to exploit its full potential. So considering my age, the transfer to Big Dutchman is the ideal solution. Big Dutchman’s vast know-how of the global market and the fact that we have been working with them very closely and successfully in the past makes me confident that this is the right decision.”
Big Dutchman is the world’s leading equipment supplier for modern pig and poultry production. The independent, family-owned company based in Vechta, Germany, offers its products in more than 100 countries and achieved a turnover of approximately 900 million Euros in the past business year.