Balchem Corporation Announces Appointment of Chief Operating Officer
NEW HAMPTON, N.Y., Nov. 8, 2012 (GLOBE NEWSWIRE) -- Balchem Corporation
(Nasdaq:BCPC) today announced the appointment of Richard A. Bendure as the
Company's Chief Operating Officer, effective as of December 1, 2012. In this
role, he will lead various aspects of the Company's operations, and support
the overall execution of the Company's growth strategies. Mr. Bendure will
report to Dino Rossi, President and CEO of Balchem Corporation.
Prior to joining Balchem, Mr. Bendure was the Group Vice President, Americas,
Water and Process Services for Nalco Company, an Ecolab, Inc. company (NYSE).
Prior to this position, he served as Nalco's Group Vice President and Officer
for its Global Strategic Business Units, where he led its overall business
strategy and planning. This assignment was preceded by his role as President,
Asia Pacific Business Operations, where Mr. Bendure directed all aspects of
strategic planning, P&L management and operations for four business units
across 13 countries in the Asia Pacific region.
"This new position is a significant structural move advancing the progress and
future success of Balchem. Richard Bendure's proven abilities in developing
and leading high value businesses globally are key for our successful long
term performance," said Mr. Rossi.
Balchem Corporation consists of three business segments: ARC Specialty
Products; Food, Pharma & Nutrition; and Animal Nutrition & Health. Through ARC
Specialty Products, Balchem provides specialty-packaged chemicals for use in
healthcare and other industries. The Food, Pharma & Nutrition segment provides
proprietary microencapsulation solutions to a variety of applications in the
human food, pharmaceutical and nutrition marketplaces. The Animal Nutrition &
Health segment manufactures and supplies products to numerous animal health
markets and certain derivative products into industrial applications.
This release contains forward-looking statements, which reflect Balchem's
expectation or belief concerning future events that involve risks and
uncertainties. Balchem can give no assurance that the expectations reflected
in forward-looking statements will prove correct and various factors could
cause results to differ materially from Balchem's expectations, including
risks and factors identified in Balchem's annual report on Form 10-K for the
year ended December 31, 2011. Forward-looking statements are qualified in
their entirety by the above cautionary statement. Balchem assumes no duty to
update its outlook or other forward-looking statements as of any future date.
CONTACT: Karin McCaffery
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