M&A Deal Summary

Balchem Acquires Chemogas NV

On May 2, 2019, Balchem acquired chemicals company Chemogas NV from Gilde Equity Management

Acquisition Highlights
  • This is Balchem’s 2nd transaction in the Chemicals sector.
  • This is Balchem’s 1st transaction in Belgium.

M&A Deal Summary

Date 2019-05-02
Target Chemogas NV
Sector Chemicals
Buyer(s) Balchem
Sellers(s) Gilde Equity Management
Deal Type Add-on Acquisition

Target

Chemogas NV

Grimbergen, Belgium
Chemogas NV is a provider of packaged chemical gases and related services. Chemogas also supplies natural refrigerant gases (like ammonia and propylene) and other specialty gases. Chemogas NV is one of the premier global providers of packaged Ethylene oxide to the medical sterilization industry, with exports to more than 70 countries.

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Buyer(S) 1

Buyer

Balchem

Montvale, New Jersey, United States

Category Company
Founded 1967
Sector Chemicals
Employees1,301
Revenue 922M USD (2023)
DESCRIPTION

Balchem develops, manufactures, and sells specialty performance ingredients and products for the food, nutritional, feed, pharmaceutical, and medical sterilization industries in the United States and internationally. Balchem was founded in 1967 and is based in Montvale, New Jersey.


DEAL STATS #
Overall 5 of 7
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 5 of 7
Country (Belgium) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Innovative Food Processors

Faribault, Minnesota, United States

Innovative Food Processors, Inc. is a manufacturer of agglomerated and microencapsulated food and nutrition ingredients. Innovative Food Processors, Inc. was formed in 1981 and is based in Faribault, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 Kappa Bioscience

Oslo, Norway

Kappa Bioscience is a science-based manufacturer of specialty vitamin K2 for the human nutrition industry. The company's discoveries include: The synthesis of pure, all-bioactive vitamin K2 MK-7, an essential vitamin needed to direct calcium around our bodies and keep hearts, bones, and lots of other things healthy. Today, that pioneering spirit is still as strong as ever. With patented processes, innovative technology, and renowned expertise, Kappa Bioscience AS produces K2VITAL and K2VITAL Delta; vitamin K2 with unmatched purity and stability, in a wider range of formulations than anyone else, to bring the best possible benefits of vitamin K2 to everyone. From vitamin K2 and turn-key solutions to research and marketing initiatives, to product launches and growth strategies, Kappa Bioscience AS believes in doing it right. That means developing products and services that set new standards of excellence, made with integrity, and through close collaboration. Kappa Bioscience was formed in 2006 and is based in Hamburg, Germany.

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Seller(S) 1

SELLER

Gilde Equity Management

Houten, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gilde Equity Management Benelux (GEM) is a unit of Gilde Investment Management, a Dutch investment firm. Gilde Equity Management (GEM) is a generalist investor, focusing on buyouts of mid-market growth companies valued between €20 and €200 million. Broad sectors of interest include services, consumer goods, manufacturing, and industrial products. Gilde looks for investments across the Benelux region. GEM was formed in 1992 and is headquartered in Houten, the Netherlands.


DEAL STATS #
Overall 26 of 30
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 15 of 18
Country (Belgium) 5 of 5
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-06 pack2pack Group N.V.

Halsteren, Belgium

Pack2Pack, is a provider in the reconditioning, recycling and distribution of steel drums and other fixed industrial packaging products. P2P also recycles used industrial packaging materials and manufactures small packaging containers from tinplate.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-28 Schellevis

Dussen, Netherlands

Schellevis is a manufacturer of high-quality decorative paving products. Schellevis products are used for gardens, squares, parks and horticultural applications. Schellevis decorative paving is appreciated for its natural look & feel, unique identity and ease of installation. Schellevis is based in Dussen, Netherlands.

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