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
The acquisition is valued at about €5.6 million ($7.6
million), according to a filing made last month with the Securities and Exchange
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.
Balchem Corp. Akzo NobelTo receive animal feed news per email, subscribe
To comment, login here
Or register to be able to comment.