PHIBRO ANIMAL HEALTH CORPORATION COMPLETES ACQUISITION OF ABIC ANIMAL HEALTH
February 19th, 2009 - Phibro Animal Health Corporation (“PAHC” or “Phibro” or the “Company”) has completed the acquisition of the Abic animal health business (“Abic”) from Teva Pharmaceutical Industries Ltd. (“Teva”).
Abic is a manufacturer and marketer of over 60 animal health products, including vaccines, pharmaceuticals, antibiotics, parasiticides, disinfectants and antiseptics. The acquisition expands Phibro’s product offering to existing customers and adds market presence in a number of growing international markets. Abic markets its animal health products in Israel and throughout the world with a focus on Southeast Asia, Africa, Latin America and Eastern Europe. Abic has successfully developed quality products for the prevention and treatment of diseases in poultry and large animals. Abic has a national distribution network in Israel backed by a well trained, experienced technical sales force that serves the poultry and livestock production markets. Its headquarters and new state of the art vaccine plant are located in Beit Shemesh, Israel.
“Now we can offer an even more comprehensive portfolio of products to our clients throughout the globe,” commented Larry Miller, president of Phibro’s Animal Health and Nutrition business. “This acquisition allows us to offer a unique selling proposition to our customers as the manufacturer with the ability to provide the poultry industry with the widest array of solutions to their animal health needs, from medicated feed additives to vaccines, treatment products and nutritional feed additives. Our immediate priority is to integrate the technology, products and the 140-person Abic team into our global organization. We see this acquisition as a first step into the global poultry vaccines market, in which we plan to continue growing and expanding.”
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.