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NEW HAMPTON, US: Balchem Corporation has completed the acquisition of Performance Chemicals & Ingredients Company (d/b/a SensoryEffects), a supplier of customized food and beverage ingredient systems. This acquisition was previously announced on 31 March 2014. Balchem acquired all of the outstanding capital stock of SensoryEffects for $567 million, before working capital and other adjustments.
“We are pleased and excited to complete this acquisition. With similar cultures and a common vision, we look forward to working with an experienced partner like SensoryEffects, wherein we can accelerate the growth of our combined food and nutrition platforms with new and novel product offerings,” said Dino A Rossi, Chairman, President and CEO, Balchem.
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