Anpario, the international producer and distributor of natural feed additives for animal health, hygiene and nutrition, has acquired Cobbett Pty Ltd.
Cobbett has been Anpario's distributor since 1987 supplying Australia, New Zealand and Papua New Guinea with a number of the company's key product brands including Salkil, pHorce, Neutox, Mycostat and Mastercube.
in the year to 30 June 2016 Cobbett had sales of A$1.76m.
The initial consideration is for A$700,000 plus stock as valued plus a further A$300,000 should the business achieve certain profit targets over a 12 month earnout period.
Anpario said: "A significant proportion of Cobbett's business is with the Anpario product range, which drove the logic for the acquisition.
"However, Cobbett also distributes other complementary products which it will continue to do so and we look forward to continuing these supplier relationships."