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Why Balchem (BCPC) Stock Hit an All-Time High Today (Update)

Update (4:05 p.m.): Updated with all-time high price and Thursday market close information.

NEW YORK (TheStreet) -- Balchem (BCPC - Get Report) soared to an all-time high of $65.89 on Tuesday after the company, which provides ethylene oxide to medical device manufacturers, announced its acquisition of SensoryEffects, a privately held supplier of customized food and beverage ingredient systems for $567 million in cash.

Balchem said in a statement it expects the acquisition to be immediately accretive to its earnings per share. The transaction should close within the next 40 days.

SensoryEffects expects revenue of approximately $260 million and adjusted EBIDTA of approximately $53 million in 2014.

Must Read: Why Boeing (BA) Shares Are Gaining Today

More than 850,000 shares changed hands on Tuesday, up from the average volume of 118,180. The stock hit a low of $56.15 for the day and holds a one-year low of $41.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

BCPC Chart

BCPC data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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