Ecolab Expands Brazil Institutional Business
March 08 2012 - 7:00AM
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.
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