Full Press Release Details
Health Corporation Completes Acquisition of Zoetis' Medicated Feed Additive Product Portfolio and Certain Water-Soluble Products
N.J. October 31, 2024 (Business Wire) -- Phibro Animal Health Corporation (Nasdaq:
PAHC) today announced the successful completion of the acquisition of the medicated feed additive product portfolio and certain water-soluble
products from Zoetis Inc. (NYSE:ZTS). This acquisition marks a significant step in furthering Phibro's purpose to optimize global
animal health and nutrition for better lives and a more sustainable world.
this new lineup of medicated feed additives and water-soluble products across cattle, swine and poultry will complement and expand Phibro's
species and product portfolios, helping customers meet the highest standards of animal care, prevent disease, and enhance nutrition around
the world." said Jack C. Bendheim, Chairman, President and Chief Executive Officer of Phibro Animal Health Corporation. "These
products fit Phibro's core competencies and capabilities while complementing our current lineup of vaccines, nutritional specialties
and mineral nutrition."
includes a product portfolio with more than 37 product lines sold across approximately 80 countries, six manufacturing sites in the U.S.,
Italy and China, and a team of more than 300 employees who primarily support the manufacturing and distribution activities of the business.
The agreement to acquire the business was announced on April 28, 2024.
The portfolio is expected to boost Phibro's profitability and
EBITDA margin and be accretive to its Adjusted Earnings Per Share. Additional financial details will be provided during our Q1 earning
call on November 7th.
is a win-win-win," noted Larry Miller, Phibro's Chief Operating Officer. "For our customers, it broadens the solution options and expertise that Phibro brings to support animal health globally; for consumers, it helps continue to ensure
that food is produced safely and sustainably; and for our investors, it expands and diversifies our revenue base, ultimately
generating funding to support future investment in additional fast-growing animal health product categories."
About Phibro Animal Health Corporation
Phibro Animal Health Corporation is a leading global diversified animal health and nutrition company. We strive to be a trusted partner
with livestock producers, farmers, veterinarians, and consumers who raise or care for farm and companion animals by providing solutions
to help them maintain and enhance the health of their animals. For further information, please visit www.pahc.com.
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Contact for Phibro Animal Health Corporation
Phibro Animal Health Corporation
Chief Financial Officer