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. 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