Balchem Corporation Acquires Zumbro River Brand, Inc.
December 16 2019 - 9:00AM
Balchem Corporation (NASDAQ: BCPC) today announced the acquisition
of Zumbro River Brand, Inc. (“Zumbro”), headquartered in Albert
Lea, MN. Zumbro specializes in developing, marketing, and
manufacturing agglomerated and extruded products for the food and
beverage industry and is a market leader in high protein and
specialty extruded snacks, cereals, and crisps, marketed under the
brands Z-Crisps®, Whey-Os™, Whey-Vs™, and Z-Texx Complete™.
Ted Harris, Chairman, CEO, and President of
Balchem, said, “Zumbro’s products, brands, and manufacturing
capabilities will further enhance our portfolio of solutions for
our customers in the food and beverage industry. Mr. Harris added,
“In particular, the unique high protein products and extrusion
manufacturing capabilities that Zumbro has developed will expand
our ability to provide custom solutions for the higher protein
nutritional needs of the market today. We are excited to bring
these technologies, and the full line of Balchem solutions, to all
of our customers.”
Pam Sander, majority owner and Chief Executive
Officer of Zumbro, said, "Zumbro's rapid growth in plant-based
proteins and better-for-you snacks was achieved thanks to our
dedicated, innovative employees. We're excited to be joining
Balchem, an industry leader that shares our vision for the
tremendous opportunities for these products, and can help to scale
these eco- and health-friendly choices to the broader market."
Zumbro will be integrated within Balchem’s Human
Nutrition and Health Segment.
About Balchem Corporation
Balchem Corporation develops, manufactures and
markets specialty ingredients that improve and enhance the health
and well-being of life on the planet, providing state-of-the-art
solutions and the finest quality products for a range of industries
worldwide. The company reports four business segments: Human
Nutrition & Health; Animal Nutrition & Health; Specialty
Products; and Industrial Products. The Human Nutrition & Health
segment delivers customized food and beverage ingredient systems,
as well as key nutrients into a variety of applications across the
food, supplement and pharmaceutical industries. The Animal
Nutrition & Health segment manufactures and supplies products
to numerous animal health markets. Through Specialty Products,
Balchem provides specialty-packaged chemicals for use in healthcare
and other industries, and also provides chelated minerals to the
micronutrient agricultural market. The Industrial Products segment
manufactures and supplies certain derivative products into
industrial applications. For more information please visit
www.balchem.com
Forward-Looking Statement
This release contains forward-looking
statements, which reflect Balchem’s expectation or belief
concerning future events that involve risks and uncertainties.
Balchem can give no assurance that the expectations reflected in
forward-looking statements will prove correct and various factors
could cause results to differ materially from Balchem’s
expectations, including risks and factors identified in Balchem’s
annual report on Form 10-K for the year ended December 31, 2018.
Forward-looking statements are qualified in their entirety by the
above cautionary statement. Balchem assumes no duty to update its
outlook or other forward-looking statements as of any future
date.
Contact: Mary Ann Brush,
Executive Assistant to CEOTelephone:
845-326-5600E-mail: mabrush@balchem.com
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