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ST. PAUL, Minn., May 30, 2008 (BUSINESS WIRE) -- Ecolab Inc. announced that, as part of its actions to develop a more efficient supply chain infrastructure and improve Europe profitability, it has completed the sale of its plant in Valby, Denmark. The sale will result in an after-tax special gain of approximately $23 million to be recorded in Ecolab's second quarter 2008 results. The plant, which was built in 1930 when the area was an industrial park, operated in a suburb of Copenhagen which has become increasingly residential. Production and logistics will be transferred from the Valby plant to other facilities.
With sales of $5.5 billion and more than 26,000 associates, Ecolab Inc. (NYSE: ECL) is the global leader in cleaning, sanitizing, food safety and infection prevention products and services. Ecolab delivers comprehensive programs and services to foodservice, food and beverage processing, healthcare, and hospitality markets in more than 160 countries. More news and information is available at www.ecolab.com.
(ECL-C)
SOURCE: Ecolab Inc.
Ecolab Inc. Michael J. Monahan, 651-293-2809
Copyright Business Wire 2008
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