Balchem Acquires Loders Encapsulation BusinessBalchem Acquires Loders Encapsulation Business
July 18, 2005
Balchem Acquires Loders Encapsulation Business
NEW HAMPTON, N.Y.
BalchemCorp. acquired the encapsulation and agglomeration business of IOI Group, partof Loders Croklaan. Primary operations will remain in Channahon, Ill., with someproduct manufacturing incorporated into existing Balchem operations. Accordingto the companies, the IOI Group posted $6 million in sales for the fiscal yearended June 30, 2005, and was financed with cash reserves by Balchem.
We are thrilled to add the innovative products currentlyproduced by Loders to our portfolio of encapsulated ingredients, and areparticularly excited about expanding our technology capabilities, specificallydesigned for the pharmaceutical and supplement industries, said Eric Smith,vice president of sales and marketing for the Human Food & Nutritiondivision of Balchem (www.balchem.com). The prospect of developing novelapplications for these markets is significant, and supports our commitment totechnology growth and strengthening our business.
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