Ecolab expands its reach
ST. PAUL, MN — With the purchase of Nalco Holding Company, Ecolab Inc. expands into water treatment chemicals, according to a press release.
The purchase of Nalco, makers of water-treatment chemicals, marked a major expansion of Ecolab''s business beyond cleaning products, the release stated.
According to the release, Ecolab Chairman and Chief Executive Officer (CEO) Doug Baker sees the potential to leverage further sales growth from offering broader product lines and services to Ecolab and Nalco''s core customers.
"This deal makes a lot of sense by increasing the capabilities of both companies," said Baker in an interview with Dow Jones Newswires.
"Nalco is a business we were watching. Water technology is important to our customers, and it''s something that we''ve wanted to develop for a long time," Baker added.
Click here to read the complete release.