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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Ecolab Inc | NYSE:ECL | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-1.30 | -0.55% | 233.70 | 235.10 | 233.44 | 234.87 | 586,963 | 01:00:00 |
Ecolab Inc. has sold the restroom cleaning business it acquired through the November 2015 acquisition of the U.S. operations of Swisher Hygiene Inc. to Enviro-Master International Franchise LLC. Sales of the business were approximately $28 million in 2015.
Ecolab continues to operate the warewashing, kitchen specialty, laundry and housekeeping cleaning and sanitizing products and services business of Swisher Hygiene, serving the foodservice, hospitality, retail and healthcare markets.
“The restroom cleaning business provides an important service to the marketplace, but was not a good fit with our long-term goals and objectives. We thank the team for their efforts and wish them the best moving forward with Enviro-Master,” said Bob Sherwood, executive vice president and general manager, Ecolab Institutional North America.
The sale was completed on Oct. 25. Financial terms of the agreement were not disclosed.
About EcolabA trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2015 sales of $13.5 billion and 47,000 associates, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world.
For more Ecolab news and information, visit www.ecolab.com. Follow us on Twitter @ecolab or Facebook at facebook.com/ecolab.
(ECL-A)
View source version on businesswire.com: http://www.businesswire.com/news/home/20161025006521/en/
Ecolab Inc.Michael J. Monahan, 651-250-2809orAndrew C. Hedberg, 651-250-2185
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