Osmose, Inc., a global supplier of wood preservative products, completed the purchase of the wood preservatives business of PhibroWood LLC, a subsidiary of Phibro Animal Health Corporation.
PhibroWood’s business focuses primarily on the manufacture and sale of micronized copper and ACQ wood preservative products.
The acquisition includes the assets PhibroWood used in the business, such as patents, patent applications, trademarks and trade names, and certain manufacturing equipment and inventories.
The additional manufacturing capacity will help Osmose meet the increasing global demand for micronized wood preservatives.
According to an official statement, the transaction also includes the settlement of certain ongoing intellectual property disputes between the parties.
Commenting on the deal, Paul A. Goydan, president of Osmose, said: “This acquisition is both timely and strategic.
“Specifically, it allows us to consolidate the intellectual properties and technologies involved in producing a wide range of micronized wood additive and wood-preservative products”.