05.01.14
Balchem Corporation, New Hampton, NY, has entered a definitive agreement to acquire Performance Chemicals & Ingredients Company (d/b/a SensoryEffects), a privately held supplier of customized food and beverage ingredient systems, headquartered in St. Louis, MO, for $567 million in cash. The transaction is subject to certain regulatory approvals and customary closing conditions.
SensoryEffects provides customized, technology-driven food and beverage solutions including ingredients, bases and finished food systems for food and beverage customers. The company’s solutions enhance vital sensory properties such as taste, texture, solubility, aroma and color. SensoryEffects’ management team will continue to lead the food and beverage ingredient business, which will be merged with Balchem’s Food, Pharma & Nutrition segment.
Balchem’s technologies apply across a broad spectrum of food, nutritional and pharmaceutical markets, and its proprietary portfolio brings solutions that differentiate products for commercial bakers, confectioners, flavor specialists, meat processors, nutraceutical and functional food producers, drug manufacturers and beyond.
“We have found a unique complement for Balchem with SensoryEffects,” said Dino Rossi, chairman, president and CEO of Balchem. “Both of our companies have built stellar reputations for quality products that address the food and beverage industry’s most specialized needs. The prospects of a combined Balchem and SensoryEffects will canvass an even broader range of food customers. The united experience and technical problem solving capabilities will ultimately make our company one of the most comprehensive food ingredient solution companies globally.”
SensoryEffects provides customized, technology-driven food and beverage solutions including ingredients, bases and finished food systems for food and beverage customers. The company’s solutions enhance vital sensory properties such as taste, texture, solubility, aroma and color. SensoryEffects’ management team will continue to lead the food and beverage ingredient business, which will be merged with Balchem’s Food, Pharma & Nutrition segment.
Balchem’s technologies apply across a broad spectrum of food, nutritional and pharmaceutical markets, and its proprietary portfolio brings solutions that differentiate products for commercial bakers, confectioners, flavor specialists, meat processors, nutraceutical and functional food producers, drug manufacturers and beyond.
“We have found a unique complement for Balchem with SensoryEffects,” said Dino Rossi, chairman, president and CEO of Balchem. “Both of our companies have built stellar reputations for quality products that address the food and beverage industry’s most specialized needs. The prospects of a combined Balchem and SensoryEffects will canvass an even broader range of food customers. The united experience and technical problem solving capabilities will ultimately make our company one of the most comprehensive food ingredient solution companies globally.”