Edit

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.

Trending

More from our partners