17 October 2012 16:46 [Source: ICIS news]
HOUSTON (ICIS)--Ecolab has agreed to sell its vehicle care division to Zep for about $120m (€92m), the US-based water chemicals, hygiene and energy technologies firm said on Wednesday.
The sale of the vehicle care division, which had sales of $66m last year, will allow Ecolab “to sharpen our strategic focus on our core business areas,” CEO Douglas Baker said.
Zep supplies cleaning and maintenance products and services for commercial, industrial, institutional and consumer end-markets.
($1 = €0.77)
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