We study the nonequilibrium phase transition in a model of aggregation of m
asses allowing for diffusion, aggregation on contact, and fragmentation. Th
e model undergoes a dynamical phase transition in all dimensions. The stead
y-state mass distribution decays exponentially for large mass in one phase.
In the other phase, the mass distribution decays as a power law accompanie
d, in addition, by the formation of an infinite aggregate. The model is sol
ved exactly within a mean-field approximation which keeps track of the dist
ribution of masses. In one dimension, by mapping to an equivalent lattice g
as model, exact steady states are obtained in two extreme limits of the par
ameter space. Critical exponents and the phase diagram are obtained numeric
ally in one dimension. We also study the time-dependent fluctuations in an
equivalent interface model in (1+1) dimension and compute the roughness exp
onent chi and the dynamical exponent z analytically in some limits and nume
rically otherwise. Two new fixed points of interface fluctuations in (1+1)
dimension are identified. We also generalize our model to include arbitrary
fragmentation kernels and solve the steady states exactly for some special
choices of these kernels via mappings to other solvable models of statisti
cal mechanics.