Apiam acquires leading animal business

Company News

by Lee Brooks

Apiam Animal Health Limited (ASX:AHX) says it has completed its acquisition of All Stock NSW for $1.75 million.

All Stock is one of Australia’s leading goat and sheep genetics and reproduction companys with export accredited facilities and a successful online animal identification business.

Apiam paid All Stock share holders $1.196 dollars per share with the balance of the acquisition paid in cash.

Apiam reported a net profit of $93,000 to the end of June 2016.