SOURCE: Phibro Animal Health Corporation

Phibro Animal Health Corporation

February 13, 2009 12:24 ET

Phibro Animal Health Corporation Agrees to Acquire Baltzell Agri Products

RIDGEFIELD PARK, NJ--(Marketwire - February 13, 2009) - Phibro Animal Health Corporation ("PAHC" or the "Company") announced today that Prince Agri Products, Inc. ("Prince Agri"), a subsidiary of the Company, has agreed to acquire the Baltzell Agri Products ("BAP") trace minerals business.

Dean Warras, President of Prince Agri, commented: "BAP is well known in the industry for its strong customer relationships, quality manufacturing operations, and excellent workforce. The integration of our trace mineral businesses will enable Prince Agri to serve an expanded geographical market from multiple production facilities and will ensure our customers continue to receive the cost-effective, high quality products they need for today's demanding market environment."

BAP is a manufacturer and marketer of an extensive line of trace minerals, trace mineral premixes, selenium premixes and other nutritional ingredients to the animal feed and pet food industries in the United States. The products generally are mixed with animal feeds and pet foods to fortify and enhance their nutritional value. BAP serves customers in all animal feed segments, including cattle, dairy, swine, poultry, and companion animals. BAP produces trace mineral premixes at its blending facility in Omaha, Nebraska, with a workforce of 50 employees.

The transaction is subject to certain closing conditions and is expected to close in March 2009.

ABOUT THE COMPANY

PAHC is a diversified global manufacturer and marketer of a broad range of animal health and nutrition products to the poultry, swine and cattle markets. PAHC is also a manufacturer and marketer of performance products for the ethanol, wood preservation and personal care industries. For more information, please visit www.pahc.com.

Contact Information

  • For further information please contact:
    Phibro Animal Health Corporation
    Richard Johnson
    Chief Financial Officer
    Email Contact
    +1 201 329 7300