Ecolab to Expand Asia Pacific Business
September 27 2010 - 8:24AM
Business Wire
Ecolab Inc. announced it has agreed to purchase the Cleantec
business of Campbell Brothers Ltd., Brisbane, Queensland, Australia
(ASX: CPB). The transaction is an asset purchase and is subject to
clearance from the Australian anti-trust authorities and other
customary closing conditions. Cleantec is a developer, manufacturer
and marketer of cleaning and hygiene products principally within
the Australian food and beverage processing, food service,
hospitality and textile care markets. Sales of the business to be
acquired are approximately US$55 million. Completion of the
transaction is expected to occur upon receipt of regulatory
clearance. No other details were announced.
Douglas M. Baker, Jr., Ecolab’s Chairman, President and Chief
Executive Officer commented on the announcement, saying, “Australia
is a strong and stable market for Ecolab, and this acquisition
complements our existing Australian business very well. It will
expand our customer base, improve our positions in our food and
beverage processing, food service, hospitality and textile care
businesses, and create opportunities to offer our water care and
pest elimination services to additional customers.”
With sales of $6 billion and more than 26,000 sales-and-service
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.
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