Market Overview

Ecolab to Acquire Quimiproductos from Fomento Económico Mexicano

Ecolab announced it has agreed to purchase Quimiproductos S. A. de
C. V, a wholly-owned subsidiary of Fomento Económico Mexicano, S.A.B. de
C.V. (NYSE: FMX), a Mexico-based multi-national company. With
2011 revenue of $35 million, Quimiproductos is a leading manufacturer
and provider of cleaning and sanitizing and water treatment products and
services to beverage and brewery customers in Mexico; it also operates
in several Central and South American countries. Completion of the
transaction is subject to customary regulatory clearance and other
standard closing conditions. No further details were disclosed.

Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer
commented on the announcement, saying, “This acquisition will help us to
build scale,

See full press release

Posted-In: News Guidance Contracts Asset Sales Management M&A Global

 

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