Flavor of the Week: Highlander to Sell SensoryEffects for $567M
April 02, 2014
Highlander Partners has agreed to sell Performance Chemicals & Ingredients (dba SensoryEffects) to Balchem (NASDAQ: BCPC) for $567 million in cash. SensoryEffects, backed by Highlander since 2008, provides customized ingredients, bases and finished food systems that enhance vital sensory properties like taste, texture, solubility, aroma and color. The purchase price reflects a 10.7x multiple of the company's estimated 2014 EBITDA.