Balchem Corp - Company Profile
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Business Description
Balchem Corp (Balchem) develops, manufactures, and markets specialty performance ingredients and products. The company serves food, medical sterilization, feed, pharmaceutical, nutritional, and industrial sectors.
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R&D Overview
The company’s innovation centers focus on developing and improving new and existing products. It also focuses on improving production efficiencies to maintain a competitive-cost position in the global marketplace. The company’s research efforts focus on core technologies in encapsulation, choline, particle engineering and food & beverage applications. Balchem has seven innovation centers which are in Europe and the US. As of December 2022, the company had 150 patents in the US and overseas. In FY2022, it spent US$12.2 million on R&D, which stood at 1.3% of the total revenue.
Business Segments
Overview
Provides nutritional products derived from its microencapsulation and chelation technologies. Proprietary chelation technology provides enhanced nutrient absorption for various species of production and companion animals. Manufactures and supplies choline chloride to the poultry, pet, and swine industries.
Performance
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Overview
Provides ingredients to the food and beverage industry. The product portfolio includes dairy products, creamer systems, powdered fats, beverages, grain-based snacks, nutritional beverage bases, juice and dairy bases, ice cream bases and variegates, chocolate systems, ready-to-eat cereals, and cereal-based ingredients. Also offers microencapsulation solutions for various applications in pharmaceutical, food and nutritional ingredients for enhancing the performance of nutritional fortification, mixing, processing, and packaging applications and shelf-life. Produces human-grade choline nutrients and mineral amino acid-chelated products for wellness applications.
Performance
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Performance
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Overview
Provides repackaged 100% ethylene oxide (EO), propylene oxide (PO) and ammonia. EO is used as a sterilant gas, primarily for use in the healthcare industry to sterilize a diverse range of medical devices. PO helps in controlling insects and microbiological spoilage; reducing bacterial and mold contamination in various shelled and processed nut meats, raisins, cacao beans, processed spices, cocoa powder, figs and prunes, and for various chemical synthesis applications. Ammonia is used primarily as a refrigerant. It is also used for heat treatment of metals and various chemical synthesis applications.
Performance
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Geographical Segments
Target Markets
Canada, Belgium, the Netherlands, the Philippines, Singapore, Malaysia, Australia and Italy.
Performance
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Performance
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