US Ecolab moves closer to $5.4bn Nalco acquisition

30 August 2011 00:11  [Source: ICIS news]

HOUSTON (ICIS)--US anti-monopoly regulators have ended the waiting period for Ecolab's pending $5.4bn (€3.7bn) acquisition of water-treatment chemical producer Nalco, bringing the deal closer to completion, the US-based cleaning-chemicals firm said on Monday.

The US Federal Trade Commission imposes the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, Ecolab said.

The acquisition still needs to be approved by the stockholders of both companies.

Ecolab expects that the deal will close in the fourth quarter.

($1 = €0.69)

By: Al Greenwood
+1 713 525 2645

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