BALCHEM CORP

Balchem Corporation, incorporated in Maryland in 1967, develops, manufactures, distributes, and markets specialty performance ingredients and products. These products serve the nutritional, food, pharmaceutical, animal health, plant nutrition, sterilization, fumigation, and industrial markets. The company operates through three reportable segments: Human Nutrition and Health, Animal Nutrition and Health, and Specialty Products. Sales and production from activities outside these segments and other minor business activities are categorized as "Other and Unallocated." Balchem sells its products through its own sales force, independent distributors, and sales agents. The Human Nutrition and Health (HNH) segment offers human-grade choline nutrients and mineral amino acid chelated products for nutrition and health applications. Choline is recognized for its role in the development and structural integrity of brain cell membranes in infants, processing dietary fat, reproductive development, and neural functions like memory and muscle function. The company's mineral amino acid chelates, specialized mineral salts, and mineral complexes are used as raw materials in premier human nutrition products. Proprietary technologies are used to create organic molecules in a form the body can readily assimilate. Sales growth in human nutrition applications depends on differentiating products from lower-cost competitors through scientific data, intellectual property, and customer brand appreciation.