Home

News 755 views last update:6 Aug 2012

Akzo Nobel sells choline chloride business

The European subsidiary of Balchem Corporation (Balchem, B.V.) will acquire the choline chloride and methylamines businesses located in Marano Ticino, Italy from Akzo Nobel Chemicals.

In 2006, this Italian Akzo operation realized approximately US$35 million in revenue. This revenue, when added to Balchem's 2006 result and its other acquisition in 2007, raises Balchem revenues on a pro forma basis for 2006 to approximately $175 million from $101 million.

"This acquisition provides a production platform that will enable us to better serve the expanding worldwide human and animal choline chloride demand. It also adds a direct commercial European presence, which we now deem necessary. In addition to choline nutritional products, we gain access to production and technology for methylamines, metam sodium and other products for various industrial applications", said Dino A. Rossi, President, CEO and Chairman of the Board of Directors of Balchem.

About choline chloride
Choline Chloride (also known as vitamin B4) is a complex vitamin that is added as an important nutrient in poultry, pig and other animal feeds. It is integral in building, regulating, and maintaining cell membrane integrity and porosity. Choline chloride and its derivatives are also used in many other industrial applications.

Related websites:
Balchem
Akzo Nobel

To receive the AllAboutFeed newsletter click here.

Editor AllAboutFeed

Or register to be able to comment.