IFP, which is headquartered in Faribault, MN, 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.
Also included is 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.
IFP is a domestic manufacturer of powders and encapsulates that deliver leading consumer solutions in taste, performance and ingredient technology, said Balchem in a press release.
“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, VP and GM, Ingredient Solutions.
The financial terms of the transaction were not disclosed.