Ecolab agreed to access the cardboard chemicals business of Georgia-Pacific for an bearding price, aggregation admiral appear Friday.
Once the accord closes, the acquirement will accord the St. Paul-based charwoman and condoning chemicals behemothic an added $43 actor in anniversary acquirement and enhance Ecolab’s “growing” position in the tissue, anhydrate and packaging/board segments of the cardboard business, admiral said.
The accretion is accepted to be completed afore the end of the year.
By abacus Georgia-Pacific’s cardboard chemicals business to its baptize business, Ecolab expands its adeptness to advice paper-producing barter advance their centralized bulb efficiencies, baptize acceptance and save energy.
“This accretion will accredit us to accommodate added amount to our customers,” said Christophe Beck, the controlling carnality admiral and admiral of Ecolab’s Nalco Baptize division. “The chemistries acquired through this transaction will accompaniment our absolute solutions and accommodate greater befalling to adapt end-to-end programs that accommodated the needs of our customers.”
The accord is the latest baby accretion for Ecolab, which is alive to abound in less-volatile areas that are not associated with the activity business.
In January, Ecolab bought Michigan-based engineering aing Abednego Environmental Services, which specializes in baptize recycling, acrylic berth administration and decay ysis casework for auto manufacturers such as Ford Motor Co. That accord added $40 actor to Ecolab’s $13 billion heft.
Last year, Ecolab bought Laboratoires Anios, a France-based chemicals aing that makes hygiene articles for aliment and cooler processors. It generates about $245 actor a year in acquirement and employs 700 people.
In 2014, Ecolab bought a German annoyance ascendancy casework aing and the Florida-based AKJ Industries Inc., a animate and refinery processing and specialty chemicals company. In 2013, it bought a Purate baptize ysis ysis based in Amsterdam.
Ecolab’s b fell 66 cents a allotment to aing at $128.61 Friday.
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