Ecolab to Acquire Ecovation

St. Paul, MN-based Ecolab will sell about $40 million of long-term lease receivables, thereby dropping the sale price by that amount.

Ecolab expects the transaction to lower earnings by a penny a share in 2008, and to add to earnings starting in 2009. Ecolab also said that Ecovation of Rochester, NY, is estimated to reach about $100 million in sales this year. Ecolab CEO Douglas Baker said the acquisition would expand the range of solutions Ecolab to provide to its food and beverage processing customers.


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