EX-99.1
10
ex99-1.txt
Exhibit 99.1
Balchem Corporation Purchases Certain Business Assets of Chinook Global Limited
New Hampton, New York, March 19, 2007 - Balchem Corporation (NASDAQ: BCPC)
today announced that its subsidiary, BCP Ingredients, Inc. acquired certain
choline chloride business assets of Chinook Group Limited of Sombra, Ontario,
Canada. Financial terms will be disclosed in SEC filings relating to the
transaction.
The acquisition will be integrated into BCP Ingredients' existing choline
chloride manufacturing operations in Verona, Missouri and St. Gabriel,
Louisiana. "We are excited at the prospect of enhancing our ability to service
the animal nutrition marketplace from our strategically located facilities.
Global market dynamics require suppliers to gain scale in order to effectively
and economically produce and distribute quality product. Our focused efforts on
choline will enable us to contribute to the development of efficient, high
performance diets formulated by nutritional experts", said Balchem President and
CEO, Dino Rossi. "This acquisition is one more building block in our growth
strategy for the animal nutrition and health industry, and a wonderful
opportunity for Balchem to implement, and for the consumer to realize, more
fully, our synergies which are derived across multiple integrated business
segments."
Choline chloride is an essential nutrient for optimum animal growth, and
is integral in building, regulating, and maintaining cell membrane integrity and
porosity. It also acts as a lipotropic agent, which aids in the utilization and
outward transport of fat in the liver. Choline and choline derivatives are also
used in many other industrial applications.
About Balchem Corporation
Balchem Corporation consists primarily of three business segments: ARC Specialty
Products, Encapsulated/Nutritional Products, and BCP Ingredients, our
unencapsulated feed supplements segment. Through ARC Specialty Products, Balchem
provides specialty-packaged chemicals for use in healthcare and other
industries. The Encapsulated/Nutritional segment provides proprietary
microencapsulation solutions to an expanding variety of applications. BCP
Ingredients manufactures and supplies choline chloride and derivatives used
primarily in the poultry and swine industries.
Contact: Frank Fitzpatrick, Chief Financial Officer
Telephone: 845-326-5600

EX - 99 . 1 10 ex99 - 1 . txt Exhibit 99 . 1 Balchem Corporation Purchases Certain Business Assets of Chinook Global Limited New Hampton , New York , March 19 , 2007 - Balchem Corporation ( NASDAQ : BCPC ) today announced that its subsidiary , BCP Ingredients , Inc . acquired certain choline chloride business assets of Chinook Group Limited of Sombra , Ontario , Canada . Financial terms will be disclosed in SEC filings relating to the transaction . The acquisition will be integrated into BCP Ingredients ' existing choline chloride manufacturing operations in Verona , Missouri and St . Gabriel , Louisiana . " We are excited at the prospect of enhancing our ability to service the animal nutrition marketplace from our strategically located facilities . Global market dynamics require suppliers to gain scale in order to effectively and economically produce and distribute quality product . Our focused efforts on choline will enable us to contribute to the development of efficient , high performance diets formulated by nutritional experts " , said Balchem President and CEO , Dino Rossi . " This acquisition is one more building block in our growth strategy for the animal nutrition and health industry , and a wonderful opportunity for Balchem to implement , and for the consumer to realize , more fully , our synergies which are derived across multiple integrated business segments . " Choline chloride is an essential nutrient for optimum animal growth , and is integral in building , regulating , and maintaining cell membrane integrity and porosity . It also acts as a lipotropic agent , which aids in the utilization and outward transport of fat in the liver . Choline and choline derivatives are also used in many other industrial applications . About Balchem Corporation Balchem Corporation consists primarily of three business segments : ARC Specialty Products , Encapsulated / Nutritional Products , and BCP Ingredients , our unencapsulated feed supplements segment . Through ARC Specialty Products , Balchem provides specialty - packaged chemicals for use in healthcare and other industries . The Encapsulated / Nutritional segment provides proprietary microencapsulation solutions to an expanding variety of applications . BCP Ingredients manufactures and supplies choline chloride and derivatives used primarily in the poultry and swine industries . Contact : Frank Fitzpatrick , Chief Financial Officer Telephone : 845 - 326 - 5600
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