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Article: Phibro Animal Health Corporation Announces the Sale of Wychem Ltd.

Article from:
Business Wire
Article date:
April 29, 2005
Copyright

RIDGEFIELD PARK, N.J. -- Phibro Animal Health Corporation (the "Company"), announced today that its subsidiaries, Ferro Metals and Chemicals Co., Ltd. (United Kingdom) and Koffolk (1949) Ltd. (Israel) have completed the sale of their jointly owned subsidiary Wychem Ltd. ("Wychem") for cash of US $4.75 million. The buyers included William A. Mathison, former head of the Specialty Chemicals Group of the Company, who retired in August 2004, and Terry Robinson, the present Managing Director of Wychem. Wychem is a manufacturer of pharmaceuticals intermediates located in Suffolk, United Kingdom.

Gerald K. Carlson, CEO of the Company, stated, "The sale of Wychem marks ...

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