NEW HAMPTON, N.Y., June 02, 2017 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ:BCPC) today announced that it
has acquired Innovative Food Processors (IFP), Inc., a privately held manufacturer of agglomerated and microencapsulated food and nutrition
ingredients, headquartered in Faribault, Minnesota. The financial terms of the transaction were not disclosed.
IFP is a domestic manufacturer of high performance powders and encapsulates that deliver leading consumer
solutions in taste, performance and ingredient technology. With over thirty-five years of experience selling into and collaborating
with global food, beverage and nutrition customers, IFP has customized processing capabilities focused on leading-edge
agglomeration and microencapsulation technologies.
IFP will be integrated within Balchem’s Human Nutrition and Health business segment. The Human Nutrition
and Health segment includes the Nutrition and Pharma business unit, which provides value added nutrition products, such as
VitaCholine® and Albion minerals. It also includes the Ingredient Solutions business unit, which supplies
customized food and beverage solutions under the SensoryEffects brand. With this synergistic acquisition, Balchem continues
to expand its processing technology and market reach, bringing innovative and value-added systems to food, beverage and nutrition
customers.
“We are very excited to bring IFP’s ingredient technology, processing capabilities and product portfolio into
our company. This acquisition creates a broader ingredient-systems platform for Balchem that will help our customers improve their
consumer food and beverage offerings,” said Mike Size, Vice President and General Manager, Ingredient Solutions.
About Balchem
Balchem Corporation reports four business segments: Human Nutrition & Health; Animal Nutrition & Health; Specialty Products; and
Industrial Products. The Human Nutrition & Health segment delivers customized food and beverage ingredient systems, as well as key
nutrients into a variety of applications across the food, supplement and pharmaceutical industries. The Animal Nutrition & Health
segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides
specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient
agricultural market. The Industrial Products segment manufactures and supplies certain derivative products into industrial
applications.
Forward-Looking Statements
This release contains forward-looking statements, which reflect Balchem’s expectation or belief concerning future events that
involve risks and uncertainties. Balchem can give no assurance that the expectations reflected in forward-looking statements will
prove correct and various factors could cause results to differ materially from Balchem’s expectations, including risks and factors
identified in Balchem’s annual report on Form 10-K for the year ended December 31, 2016. Forward-looking statements are
qualified in their entirety by the above cautionary statement. Balchem assumes no duty to update its outlook or other
forward-looking statements as of any future date.
Contact: Balchem Corporation Mary Ann Brush, +1 845-326-5616
