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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.
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