M&A Deal Summary

Balchem Acquires Performance Chemicals & Ingredients

On March 31, 2014, Balchem acquired food company Performance Chemicals & Ingredients from Highlander Partners for 567M USD

Acquisition Highlights
  • This is Balchem’s 1st transaction in the Food sector.
  • This is Balchem’s largest (disclosed) transaction.
  • This is Balchem’s 2nd transaction in the United States.
  • This is Balchem’s 1st transaction in Missouri.

M&A Deal Summary

Date 2014-03-31
Target Performance Chemicals & Ingredients
Sector Food
Buyer(s) Balchem
Sellers(s) Highlander Partners
Deal Type Add-on Acquisition
Deal Value 567M USD

Target

Performance Chemicals & Ingredients

Bridgeton, Missouri, United States
Performance Chemicals & Ingredients Co. (dba SensoryEffects) is a provider of powder, solid and liquid flavor systems, creamer and specialty emulsified powders, cereal-based products and other functional ingredient food and beverage delivery systems.

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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 2 of 7
Sector (Food) 1 of 2
Type (Add-on Acquisition) 2 of 7
State (Missouri) 1 of 1
Country (United States) 2 of 5
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-08 Chelated Minerals International

Salt Lake City, Utah, United States

Chelated Minerals International, Inc. is a manufacturer of amino acid chelates/aspartates/ascorbates/citrates, supplying dietary ingredients to the human nutrition market as a bulk raw material supplier.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Albion International

Atlanta, Georgia, United States

Albion International, Inc. is a manufacturer of mineral amino acid chelates, specialized mineral salts and mineral complexes.

Buy $112M

Seller(S) 1

SELLER

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 6 of 31
Sector (Food) 1 of 5
Type (Add-on Acquisition) 4 of 20
State (Missouri) 1 of 1
Country (United States) 6 of 22
Year (2014) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-16 Juice Tyme

Chicago, Illinois, United States

Juice Tyme is a manufacturer and seller of juice and beverage concentrates for the foodservice industry in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-16 Profile Custom Extrusions

Rome, Georgia, United States

Profile Custom Extrusions is a manufacturer of custom, extruded aluminum profiles and related value-added services including painting, anodizing, thermal break, and precision cutting. Profile provides a variety of custom extruded aluminum profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile Custom Extrusions was founded in 1960 and is based in Rome, Georgia.

Buy -