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. The company operates through four business segments: Human Nutrition & Health; Animal Nutrition & Health; Specialty Products; and Other and Unallocated.
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R&D Overview
The company's R&D focuses on the development of new products, improvements to existing products, and manufacturing processes. Balchem prioritizes its product development activities based on the commercial potential of the product candidates. The sale of specialty products for the animal nutrition and health industry is dependent on dairy industry economics and the company’s ability to capitalize on the university and field research on the animal health benefits of its products. In FY2024, it spent US$16.7 million on R&D, which stood at 2% of the total revenue, and grew 11.6% YoY. As of December 2024, the company holds over 150 patents and over 400 trademarks in the US and Overseas.
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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Overview
Consists of other minor business activities.
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
Performance
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Performance
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