Phibro Animal Health Corporation acquired the assets of Aqua-Vet Ltd. for $0.9 million on January 20, 2014. The total consideration will be aggregate of $0.9 million plus a contingent incentive payment based on the future results of our aquaculture business. Ra'anan Ariav, founder and Chief Executive Officer of Aqua-Vet Ltd., will join Phibro as Vice President, Phibro Aquaculture.

Phibro Animal Health Corporation completed the acquisition of the assets of Aqua-Vet Ltd. on January 20, 2014.