08 March 2012 13:50 [Source: ICIS news]
HOUSTON (ICIS)--Ecolab has acquired ?xml:namespace>
Sao Paulo-based Econ Industria provides cleaning and sanitising products and services to the Brazilian foodservice industry. It has sales of about $9.0m/year (€6.8m/year).
Ecolab CEO Douglas Baker said the acquisition would increase his company’s service capacity and scale in the fast-growing Brazilian market.
“Econ operates a very similar business model to our own and serves a similar customer base in the expanding Brazilian foodservice market,” Baker added.
Financial terms were not disclosed.
St Paul, Minnesota-based Ecolab is focused on water, hygiene and energy technologies and services. Last year, it acquired water chemicals major Nalco in a $5.4bn deal.
($1 = €0.76)
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