SALT LAKE CITY, March 9, 2017 /PRNewswire/ -- ACG Utah has a long tradition of honoring dealmakers in the Utah business community who have successfully driven growth in their organizations. Focusing on "Igniting Growth," ACG Utah reviewed the middle-market M&A transactions in 2016, seeking deals that involved Utah-based companies, capital providers, lenders and advisers.
One deal that stood out was Balchem Corporation's acquisition of Albion International. The acquisition purchase price of $111.5 million reflects a multiple of approximately 10.7 times 2015 EBITDA. Albion has been a world leader and innovator of superior organic mineral compounds for sixty years. With over 100 patents, Albion leverages scientific expertise in the areas of both human and plant nutrition.
With this acquisition, Balchem continues to expand its science-based human health and wellness solutions. Already the global leader in the essential nutrient choline, Balchem will immediately expand its nutritional ingredient products by adding Albion's innovative chelated minerals to its portfolio. The combined-company will also benefit from a broader geographic footprint and an even stronger position as a technological leader in spray-drying and ingredient-delivery solutions.
"We are very excited to add Albion's deep scientific expertise, broad patent portfolio and premium branded products to our company. This acquisition creates a broader nutritional platform for Balchem that will help our customers improve their nutritional and wellness solutions," said Ted Harris, President and CEO of Balchem.
D.A. Davidson & Co. served as the exclusive financial advisor, and Durham Jones & Pinegar served as legal advisor to Albion International in connection with the transaction.
Balchem Corporation consists of five business segments: Animal Nutrition and Health, Human Nutrition and Health, VitaCholine, Specialty Products and Industrial Products.
Human Nutrition and Health provides customized food and beverage ingredient systems and proprietary microencapsulation solutions to a variety of applications in the human food, pharmaceutical and nutrition marketplaces. The acquisition of Albion International will further expand this business segment with the integration of Albion chelated minerals.
Through Specialty Products, Balchem provides specialty-packaged chemicals for use in healthcare and other industries. Albion's Metalosate brand of foliar nutrients has been integrated with this segment.
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SOURCE ACG Utah