Balchem Corp.

NASDAQ:BCPC   11:27:39 AM EDT
126.82
+0.22 (+0.17%)
Mergers / Acquisitions

Balchem Corporation Signs Definitive Agreement To Acquire Kappa Bioscience AS

Published: 06/14/2022 11:31 GMT
Balchem Corp. (BCPC) - Balchem Corporation Signs Definitive Agreement to Acquire Kappa Bioscience As.
Balchem Corp - Acquiring Kappa From Majority Owner Verdane Edda for an Enterprise Value of NOK 3.175b (approximately USD 338m).
Balchem Corp Says Acquiring Kappa From Majority Owner Verdane Edda for Enterprise Value of NOK 3.175 Billion (about $338 Million).
Balchem Corp - Transaction is Expected to Be Accretive to Balchem's Earnings per Share in 2022 on an Adjusted Basis.
Balchem Corp Says Following Acquisition, Kappa Will Be Included in Balchem's Human Nutrition and Health Business Segment.
Balchem - Sellers Have Opportunity to Receive Additional Payment in 2024 of 0% to 16% of Enterprise Value Based on Growth,other Performance Targets.