Brief: Balchem Corporation Signs Definitive Agreement To Acquire Kappa Bioscience AS

Balchem

14/06/2022 12:27

June 14 (Reuters) - Balchem Corp  BCPC.O :
    * 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

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Further company coverage:  BCPC.O