Award for Ecolab's Envirocid Plus - Analyst Blog
October 24 2011 - 7:15AM
Zacks
Leading cleaning and sanitation
products company Ecolab Inc (ECL) has won the
Innovation Sustainability Award, sponsored by the International
Dairy Foods Association (“IDFA”), for its newly launched Envirocid
Plus cleaner at the International Dairy Show in Atlanta.
Envirocid Plus is a novel
clean-in-place (“CIP”) cleaner which helps dairy, food and beverage
plants manage their effluent and operating costs and meet their
compliance and sustainability objectives. The zero-phosphorus,
low-nitrate cleaner utilizes blended acid formulation which helps
processing plants reduce total phosphorus and nitrates in
effluents. The award marks the recognition of Ecolab’s commitment
to achieving this goal.
Ecolab offers its products to the
food and beverage industries through its United States Cleaning and
Sanitizing (“USCS”) segment. Revenues from its food and beverage
business grew at a double-digit clip in second-quarter 2011,
benefiting from new customer wins, pricing and better product
penetration. Management expects the healthy growth to sustain in
the third quarter.
Ecolab develops and markets
products and services for the hospitality, food service,
institutional and industrial markets. The company offers cleaning,
sanitizing, pest elimination, maintenance and repair products as
well as systems and services. Ecolab leads in cleaning, sanitizing,
pest elimination and food safety solutions with annual sales of
roughly $6 billion.
To drive growth, Ecolab continues
to invest in strategic areas such as, product innovation,
healthcare, water and energy and global pest elimination while
rationalizing operating costs. The company remains focused on
bringing new technologies aimed at reducing food safety risks.
We are encouraged by Ecolab’s
strong international exposure and recovery across its end-markets.
However, Ecolab is faced with aggressive competition from the likes
of Clorox (CLX) and Church &
Dwight (CHD). Moreover, raw material price hikes represent a
headwind. We are currently Neutral on the stock.
CHURCH & DWIGHT (CHD): Free Stock Analysis Report
CLOROX CO (CLX): Free Stock Analysis Report
ECOLAB INC (ECL): Free Stock Analysis Report
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