Balchem Corporation (BCPC)

140.64 -4.43 (-3.05%) At close: 04:00PM EDT

Balchem Corporation

5 Paragon Drive
Montvale, NJ 07645
United States
845 326 5600
https://www.balchem.com

Sector(s): Basic Materials
Industry: Specialty Chemicals
Full-time employees: 1,302

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Theodore L. Harris	Chairman, CEO & President	2.33M	N/A	1965
Mr. Carl Martin Bengtsson	Executive VP, CFO, Treasurer & GM of Animal Nutrition and Health	864.13k	N/A	1978
Ms. Hatsuki Miyata	Executive VP, General Counsel & Secretary	618.21k	N/A	1976
Mr. Jonathan H. Griffin	Senior Vice President of Corporate Development	624.01k	N/A	1976
Mr. Martin Luther Reid	Senior VP & Chief Supply Chain Officer	672.26k	N/A	1968
Mr. William A. Backus CPA	VP & Chief Accounting Officer	560.79k	1.06M	1966
Mr. Michael R. Sestrick Ph.D.	Senior VP & CTO	N/A	N/A	1964
Mr. M. Brent Tignor	Senior VP & Chief Human Resources Officer	N/A	N/A	1979
Mr. Frederic Boned	Senior VP and GM of Human Nutrition & Health	N/A	N/A	1978
Mr. Job L. van Gunsteren	Senior VP & GM of Specialty Products	N/A	N/A	1976

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Balchem Corporation develops, manufactures, and markets specialty performance ingredients and products for the nutritional, food, pharmaceutical, animal health, medical device sterilization, plant nutrition, and industrial markets worldwide. It operates through three segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. The Human Nutrition & Health segment supplies ingredients in the food and beverage industry. Its products include spray dried and emulsified powders, extrusion and agglomeration, blended lipid systems, liquid flavor delivery systems, juice and dairy bases, chocolate systems, and cereal systems, as well as ice cream bases and variegates. This segment also offers specialty vitamin K2; microencapsulation solutions for various applications; and human grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. The Animal Nutrition & Health segment provides microencapsulated products to enhance health and milk production, and delivering nutrient supplements in ruminant animals; chelation technology, which offers enhanced nutrient absorption for various species of production and companion animals; methylsulfonylmethane; and choline chloride, a nutrient for monogastric animal health. The Specialty Products segment distributes ethylene oxide and ammonia primarily for use in the health care industry; and single use canisters for sterilizing re-usable devices. This segment also markets and sells propylene oxide, a fumigant to aid in the control of insects and microbiological spoilage, as well as to reduce bacterial and mold contamination in shell and processed nut meats, processed spices, cacao beans, cocoa powder, raisins, figs, and prunes; and chelated minerals for high value crops. It sells its products through sales force, independent distributors, and sales agents. The company was incorporated in 1967 and is headquartered in Montvale, New Jersey.

Corporate governance

Balchem Corporation’s ISS governance QualityScore as of 1 April 2024 is 5. The pillar scores are Audit: 6; Board: 6; Shareholder rights: 3; Compensation: 6.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.