Phibro Animal Health, an animal health and mineral nutrition company, agreed to acquire the medicated feed additive product portfolio of Zoetis, a producer of medicine and vaccinations for pets and livestock, from $350m. “We remain committed to providing innovative solutions to our livestock customers. We believe that the long-term value of the transferred portfolio will be fully realized with Phibro Animal Health which will continue to expand its reach given their strong relationships with customers worldwide," Kristin Peck, Zoetis CEO.