Market Overview

Zep Closes Purchase of Ecolab's Vehicle Care Unit

Share:
Related ZEP
Earnings Scheduled For April 9, 2015
Benzinga's Volume Movers
Related ECL
Ecolab's Acuisition Offer For Laboratoires Anios Evaluated By Barclays
Top Performing Industries For May 4, 2016

Zep Inc. (NYSE: ZEP), a leading producer and marketer of a wide range of cleaning and maintenance solutions, today announced that a wholly owned subsidiary of Zep Inc. completed the purchase of the Vehicle Care division of Ecolab Inc. (NYSE: ECL), effective December 1, 2012 for approximately $120 million.

The combination of Ecolab's Vehicle Care division with Zep's existing North American Sales and Service vehicle-wash operations and its Niagara and Washtronics fleet-wash operations creates a new platform, "Zep Vehicle Care," representing approximately 13% of Zep's net sales on a pro forma basis.

Posted-In: News M&A

 

Related Articles (ECL + ZEP)

View Comments and Join the Discussion!