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News 217 views last update:6 Aug 2012

Balchem Corp. acquires Akzo Nobel unit

Chemical company Balchem Corp. completed the acquisition of the European-based choline chloride and methylamines businesses of Akzo Nobel Chemicals SpA.

The acquisition is valued at about €5.6 million ($7.6 million), according to a filing made last month with the Securities and Exchange Commission.

Choline chloride is a nutritional additive used in animal feed and human food products; methylamines are used to make choline chloride.

Balchem and Akzo Nobel announced the deal on April 2. The facility and business, which last year recorded $35 million in sales, employ about 75 people in Marano Ticino, Italy, and will be operated by Balchem Italia Srl.

Related websites:
Balchem Corp.
Akzo Nobel

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