February 2016 – Durham Jones & Pinegar represented Albion International, Inc. and its subsidiaries in the acquisition by Balchem Corporation (NASDAQ:BCPC). Clearfield, Utah-based Albion International, Inc., is a privately-held manufacturer of mineral amino acid chelates, specialized mineral salts and minerals complexes.
The purchase price of $111.5 million in cash reflects a multiple of approximately 10.7 times 2015 EBIDA. The transaction consideration is subject to certain adjustments as provided in the definitive agreement. The transaction is expected to be immediately accretive to Balchem’s earnings per share.
Albion has been a world leader and innovator in the manufacture of superior organic mineral compounds for sixty years. With over 100 patents, Albion leverages scientific expertise in the areas of both human and plant nutrition. Albion’s products are sold and distributed world-wide. They are renowned in the supplement industry for technologically advanced, unparalleled bioavailability.
Durham Jones & Pinegar is a leading M&A and business transactions law firm, with offices located in Salt Lake City, Ogden, Lehi, St. George, UT and Las Vegas, NV. (Thomas R. Taylor)