Ecolab to Sell Vehicle Care Division to Zep

Ecolab

announced it has agreed to sell its Vehicle Care division to Zep

for approximately $120 million in cash. Zep is an Atlanta, GA based manufacturer and marketer of cleaning and maintenance solutions for commercial, industrial, institutional and consumer end-markets. Vehicle Care had 2011 sales of $66 million. Completion of the transaction is subject to 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 sale enables us to sharpen our strategic focus on our core business areas while assuring Vehicle Care customers will receive excellent ongoing product and service support from a