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Balchem to acquire food ingredients maker SensoryEffects
2:06 PM MDT | April 4, 2014 | Vincent Valk
Balchem says it has agreed to acquire SensoryEffects (St. Louis), a privately-held maker of food and beverage ingredients, for $567 million. SensoryEffects’ 2014 revenues should total about $260 million, and the purchase price represents a multiple of about 10.7 times (x) the company’s expected 2014 Ebitda, Balchem says. The deal is expected to close within forty days and be immediately accretive to Balchem’s earnings. SensoryEffects’ ingredients provide taste, texture, solubility, aroma and color to food and beverage products. The company...
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