FOR IMMEDIATE RELEASE
Balchem Corporation Announces Dividend
New Hampton, New York. December 7, 2007. Balchem Corporation (NASDAQ: BCPC)
today announced that its Board of Directors has declared a dividend on its
shares of common stock equal to $0.11 per share, payable on January 18, 2008 to
holders of record on December 20, 2007. The dividend represents an increase of
22.2 percent over last year's dividend. Dino A. Rossi, Balchem's Chairman, CEO
and President stated, "We are pleased at our overall progress and this dividend
allows us to continue our commitment to reward our current shareholders while
maintaining the capital necessary for growth."
About Balchem Corporation
Balchem Corporation consists primarily of three business segments: ARC Specialty
Products, Encapsulated/Nutritional Products, and BCP Ingredients. Through ARC
Specialty Products, Balchem provides specialty-packaged chemicals for use in
healthcare and other industries. The Encapsulated/Nutritional segment provides
proprietary microencapsulation solutions to an expanding variety of
applications. BCP Ingredients manufactures and supplies choline chloride and
derivatives used primarily in the poultry and swine industries.
Forward Looking Statements
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, 2006. 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: Frank Fitzpatrick, Chief Financial Officer
Telephone: 845-326-5600
e-mail: ffitzpatrick@balchemcorp.com