Balchem Acquires Innovative Food Processors
05 Jun 2017 --- Balchem Corporation have announced that it has acquired Innovative Food Processors (IFP), Inc., a privately held manufacturer of agglomerated and microencapsulated food and nutrition ingredients, headquartered in Faribault, Minnesota. The financial terms of the transaction were not disclosed.
IFP is a domestic manufacturer of high performance powders and encapsulates that deliver leading consumer solutions in taste, performance and ingredient technology.
With over thirty-five years of experience selling into and collaborating with global food, beverage and nutrition customers, IFP has customized processing capabilities focused on leading-edge agglomeration and microencapsulation technologies.
IFP will be integrated within Balchem’s Human Nutrition and Health business segment.
The Human Nutrition and Health segment includes the Nutrition and Pharma business unit, which provides value added nutrition products, such as VitaCholine and Albion minerals. It also includes the Ingredient Solutions business unit, which supplies customized food and beverage solutions under the SensoryEffects brand. With this synergistic acquisition, Balchem continues to expand its processing technology and market reach, bringing innovative and value-added systems to food, beverage and nutrition customers.
“We are very excited to bring IFP’s ingredient technology, processing capabilities and product portfolio into our company. This acquisition creates a broader ingredient-systems platform for Balchem that will help our customers improve their consumer food and beverage offerings,” said Mike Size, Vice President and General Manager, Ingredient Solutions.
