Phibro Animal Health, based in Teaneck, New Jersey, develops a broad range of animal health and mineral nutrition products for use in the production of poultry, swine, cattle, dairy and aquaculture.
"This transaction strengthens our focus and capabilities in the animal health market in Argentina," said Larry Miller, Phibro's COO. "Biotay's field sales and technical service organization and local manufacturing will help Phibro reach new customers, particularly in the cattle segment."
Acquiring Biotay gives Phibro a new market in South America for its growing animal health portfolio.
"We are delighted to become part of such a world-class organization as Phibro,” said Juan Carlos Repetto, Biotay's CEO. “We are excited and looking forward to leveraging the strengths of both organizations and resources to better serve our customers."
Financial terms of the transaction were not disclosed.