Acquisition
04 3월 2009 - 4:00PM
UK Regulatory
TIDMPAHC
RNS Number : 2563O
Phibro Animal Health Corporation
04 March 2009
For release: IMMEDIATE
PHIBRO ANIMAL HEALTH CORPORATION COMPLETES THE ACQUISITION OF THE BALTZELL AGRI
PRODUCTS TRACE MINERALS BUSINESS
RIDGEFIELD PARK, New Jersey, 4 March 2009 - Phibro Animal Health Corporation
("PAHC" or the "Company") announced today that Prince Agri Products, Inc.
("Prince Agri"), a subsidiary of the Company, has completed its acquisition of
the Baltzell Agri Products ("BAP") trace minerals business, which was initially
announced on 13 February 2009.
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 closed on the same terms as previously announced
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.
For further information please contact:
+------------------------------------------------+--------------------------+
| Phibro Animal Health Corporation | +1 201 329 7300 |
| Richard Johnson, Chief Financial Officer | |
| investor.relations@pahc.com | |
+------------------------------------------------+--------------------------+
| | |
+------------------------------------------------+--------------------------+
| Panmure Gordon (UK) Limited | +44 (0) 207 459 3600 |
| Andrew Godber | |
| Rakesh Sharma | |
| | |
+------------------------------------------------+--------------------------+
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements, including statements
regarding management's expectations and beliefs regarding the future results or
performance of the Company. Because these statements apply to future events,
they are subject to risks and uncertainties. When used in this announcement, the
words "anticipate," "believe," "estimate," "expect," "expectation," "project,"
"intend" and similar expressions are intended to identify such forward-looking
statements. Our actual results could differ materially from those projected in
the forward-looking statements. Additionally, you should not consider past
results to be an indication of our future performance. We do not intend to
update any of the forward-looking statements after the date of this announcement
to conform these statements to actual results, to changes in management's
expectations or otherwise, except as may be required by law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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