Akzo Nobel sells choline chloride business
The European subsidiary of Balchem Corporation (Balchem, B.V.) will acquire the choline chloride and methylamines businesses located in Marano Ticino, Italy from Akzo Nobel Chemicals.
approximately US$35 million in revenue. This revenue, when added to Balchem’s
2006 result and its other acquisition in 2007, raises Balchem revenues on a pro
forma basis for 2006 to approximately $175 million from $101
million.
“This acquisition provides a production platform that will
enable us to better serve the expanding worldwide human and animal choline
chloride demand. It also adds a direct commercial European presence, which we
now deem necessary. In addition to choline nutritional products, we gain access
to production and technology for methylamines, metam sodium and other products
for various industrial applications”, said Dino A. Rossi, President, CEO and
Chairman of the Board of Directors of Balchem.
About choline
chloride
Choline
Chloride (also known as vitamin B4) is a complex vitamin that is added as an
important nutrient in poultry, pig and other animal feeds. It is integral in
building, regulating, and maintaining cell membrane integrity and porosity.
Choline chloride and its derivatives are also used in many other industrial
applications.
Related websites:
Balchem
Akzo Nobel
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