Balchem Buys Akzo’s Methylamines and Choline Chloride Businesses

Balchem (New Hampton, NY) says it has agreed to acquire Akzo Nobel’s methylamines and choline chloride businesses for an undisclosed amount. The businesses have combined sales of about $35 million/year. The deal is expected to close by early June. Rossi: Adding a European presence. Selling methylamines and choline chloride completes a program, announced by Akzo in 2005, to divest chemical businesses with combined sales of about €700 million/year ($932 million), the company says. Other divested businesses include polyvinyl chloride additives and...

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