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Balchem history
Balchem company history timeline
Balchem was founded in 1967 by a group consisting of entrepreneurs, investors, and Doctor Leslie Balassa, an expert in the field of encapsulation.
Establishment of Balchem: 1967
In 1967 he noticed an advertisement in the Wall Street Journal that touted an invention that could individually coat particles that would allow the measured delivery of nutrients.
In October 1970 Balchem created a subsidiary, Arc Chemical Corporation, to take on this secondary business, which in the early years would provide the bulk of company revenues.
Balchem became a publicly traded company in 1970 and is listed on NASDAQ under the symbol “BCPC.”
Moreover, in 1972 Balassa retired and was replaced by Weiss.
1974: Fire leads to company suspending direct manufacture of chemicals.
Balchem finally produced a profit in 1975, netting $236,000 on revenues of $967,285.
In 1990 Weiss was approached by a New York trade delegation looking for local products to promote during a trip to Thailand.
In June 1994 Balchem also bolstered its specialty chemical business by acquiring the ethylene oxide (sterilant) business of Allied Signal Inc.
The format for the label was not completed until 1994, and was required on 90 percent of all processed food.
In 1999 Balchem introduced an encapsulated choline product it called Reashure, intended to deliver essential nutrients to dairy cows during transition periods, resulting in increased milk production.
Balchem created a subsidiary to run its animal nutrient fortification business, which it further bolstered in 2001 by acquiring the DCV Inc. and its affiliate DuCoa LP in a deal valued at nearly $15 million.
To continue its growth in encapsulation, Balchem increased its 2001 R&D budget by 80 percent.
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Balchem competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| QualiTech | 1967 | $930,000 | 5 | 11 |
| Rexam Closure Systems Inc | 1987 | $203.0M | 800 | - |
| Daisy Brand | 1917 | $260.0M | 750 | 18 |
| Tredegar | 1988 | $597.1M | 2,801 | 36 |
| Umicore | 1904 | $15.7B | 10,224 | 5 |
| Minnesota Rubber & Plastics | 1945 | $126.6M | 1,100 | - |
| Nova Molecular Technologies | 1989 | $10.0M | 53 | 1 |
| 3M Purification Inc | 1912 | $680.0M | 2,200 | - |
| Arclin | - | $750.0M | 370 | 59 |
| Hutchinson Technology | 1965 | $252.8M | 1,012 | 11 |
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Zippia gives an in-depth look into the details of Balchem, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Balchem. The employee data is based on information from people who have self-reported their past or current employments at Balchem. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Balchem. The data presented on this page does not represent the view of Balchem and its employees or that of Zippia.
Balchem may also be known as or be related to Balchem, Balchem Corp. and Balchem Corporation.