ST. PAUL, Minn.--(BUSINESS WIRE)--
Ecolab Inc. has made a binding offer to acquire Laboratoires Anios from
co-owners Bertrand and Thierry Letartre and private investment company
Ardian. Anios is a leading European manufacturer and marketer of hygiene
and disinfection products for the healthcare, food service, and food and
beverage processing industries. Based in Lille, France, Anios has a
presence in more than 85 countries and employs approximately 700 people
worldwide. Sales were approximately €220 million ($245 million) in 2015.
The transaction is structured as a binding offer with exclusivity
protection to allow the sellers to consult with their French works
councils prior to entering into the definitive purchase agreement. Once
the definitive agreement is executed, the transaction would remain
subject to clearance by applicable regulatory and competition
authorities prior to closing. The transaction is expected to close in
late 2016, subject to satisfaction of such contingencies. No other
details were announced.
Douglas M. Baker, Jr., Ecolab chairman and chief executive officer,
commented, saying, “Ecolab is committed to being the global leader in
providing hospitals and healthcare operators with effective and
innovative solutions for infection prevention and hygiene. We are
excited to join forces with Anios because of our shared passion for this
mission. Their innovative product line expands the solutions we can
offer while also providing a complementary geographic footprint. Its
presence in the food and beverage processing and foodservice markets
also complements ours. We are pleased that CEO Bertrand Letartre and
Managing Director Thierry Letartre have agreed to remain with our
combined organization providing continued leadership of the acquired
business.”
Bertrand Letartre and Thierry Letartre commented, saying, “We are very
pleased to have the opportunity to partner with Ecolab. The strength of
the Anios brand combined with Ecolab’s global footprint and leadership
positions will help accelerate the growth of our business. It will also
create new and exciting career opportunities for our employees and bring
innovative solutions to our customers”
About Ecolab
A trusted partner at more than one million customer locations, Ecolab
(ECL) is the global leader in water, hygiene and energy technologies and
services that protect people and vital resources. With 2015 sales of
$13.5 billion and 47,000 associates, Ecolab delivers comprehensive
solutions and on-site service to promote safe food, maintain clean
environments, optimize water and energy use and improve operational
efficiencies for customers in the food, healthcare, energy, hospitality
and industrial markets in more than 170 countries around the world. For
more Ecolab news and information, visit www.ecolab.com.
Follow us on Twitter @ecolab
or Facebook at facebook.com/ecolab.
About Laboratoires Anios
Laboratoires Anios has been producing disinfection products since 1898
and is a leader in the European hygiene market. Based in France, the
company has more than 700 employees serving customers in more than 85
countries, including hospitals, clinics and medical offices; cosmetics,
pharmaceutical and food and beverage manufacturers; and lodging and
catering facilities.
(ECL-A)
View source version on businesswire.com: http://www.businesswire.com/news/home/20160629005430/en/
Ecolab Inc.
Michael J. Monahan, 651-250-2809
Source: Ecolab Inc.