ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc. announced it has agreed to purchase Quimiproductos S. A. de
C. V, a wholly-owned subsidiary of Fomento Económico Mexicano, S.A.B. de
C.V. ("FEMSA") (NYSE: FMX), a Mexico-based multi-national company. With
2011 revenue of $35 million, Quimiproductos is a leading manufacturer
and provider of cleaning and sanitizing and water treatment products and
services to beverage and brewery customers in Mexico; it also operates
in several Central and South American countries. Completion of the
transaction is subject to customary regulatory clearance and other
standard closing conditions. No further details were disclosed.
Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer
commented on the announcement, saying, "This acquisition will help us to
build scale, strengthen our core product offerings and improve service
capabilities to our beverage processing customers in the fast growing
Latin America region. We look forward to further developing our
relationships and business in Latin America through this agreement as
well as through our expanded sales and service capacities."
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 Monahan, 651-293-2809
or
Lisa Curran,
651-293-2185
Source: Ecolab Inc.
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