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Chemical Week Magazine :: Business & Finance :: United States/Americas
Balchem to acquire food ingredients maker
6:28 AM 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 should close within 40 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 works...
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