ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc. announced today that it has acquired Econ Indústria e
Comércio de Produtos de Higiene e Limpeza Ltda., a provider of cleaning
and sanitizing products and services to the Brazilian foodservice
industry. Based in Sao Paulo, Brazil, its annual sales are approximately
US$9 million. The business operations will be integrated with Ecolab's
existing Brazil Institutional business. No further details were
disclosed.
Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer
commented on the announcement, saying, "Econ operates a very similar
business model to our own and serves a similar customer base in the
expanding Brazilian foodservice market. This acquisition will increase
our service capacity and scale, improve customer coverage, and
strengthen our customer relationships and opportunities for our
fast-growing Brazilian Institutional business. We welcome our new
associates and customers to Ecolab, and we look forward to growing with
them."
With 2011 pro forma sales of $11 billion and more than 40,000 employees,
Ecolab Inc. (NYSE: ECL) is the global leader in water, hygiene and
energy technologies and services that provide and protect clean water,
safe food, abundant energy and healthy environments. Ecolab delivers
comprehensive programs and services to the food, energy, healthcare,
industrial and hospitality markets in more than 160 countries. More
Ecolab news and information is available at www.ecolab.com.
(ECL-A)
Ecolab Inc.
Michael J. Monahan, 651-293-2809
Source: Ecolab Inc.
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