Ecolab : Acquires Abednego Environmental Services to Further Strengthen Auto...
January 11, 2017 at 08:38 am EST
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News Release
Jan 11, 2017
St. Paul, Minn. - Jan. 11, 2017 - Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has acquired Abednego Environmental Services. Abednego is a privately held company with approximately $40 million in annual revenues that provides chemistry, know-how and service solutions to help automotive customers achieve superior outcomes in their paint operations.
'Abednego further broadens the suite of products and services Ecolab provides to automobile manufacturers to re-cycle water, reduce energy usage and reduce waste. In particular, it provides a great complement to our strong base of existing offerings led by our industry-leading APEX paint detackification technology,' said Michael Johannsen, Nalco Water senior vice president responsible for the manufacturing segment of Ecolab's water business.
'Ecolab is dedicated to helping customers achieve better operational performance more cost effectively while using water more efficiently and sustainably. We are delighted to have the Abednego team join us so we can better deliver this commitment in the automotive industry,' said Ecolab Chairman and CEO Douglas M. Baker, Jr.
Abednego's key offerings include total paint booth management, engineering services and post treatment operations. Abednego currently operates and manages systems in automotive plants throughout the U.S. Abednego will become part of Ecolab's Nalco Water business operations.
About Ecolab
A trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2015 sales of $13.5 billion and 47,000 associates, Ecolab delivers comprehensive solutions and on-site services to promote safe food, maintain clean environments, optimize water and energy use and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. For more Ecolab news and information, visit www.ecolab.com.
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Investor Contacts:
Michael Monahan
651.250.2809
Andrew Hedberg
651-250-2185
January 11, 2017
(ECL-A)
Ecolab Inc. published this content on 11 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 January 2017 13:38:01 UTC.
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Ecolab Inc. specializes in the development and the marketing of cleaning and disinfection products and services. The activity is insured with hotels, restaurants, hospitals, schools, shops, commercial and industrial laundries, food factories, etc. The activity is organized around three areas:
- sale of wastewater treatment products;
- sale of cleaning and disinfection products and services: wash liquids, detergents, stain removers, disinfectants, soaps, deodorants, distributors of products, equipment (dishwasher, washer, etc.), cleaning services, training, etc.;
- pest control, repair and maintenance services: detection and elimination of rats services, and repair and maintenance of equipment of kitchen and refrigeration services.
Net sales are distributed geographically as follows: the United States (53%), Europe (21%), China (4.4%), Asia/Pacific (8.5%), Latin America (6.6%), India/Middle East/Africa (3.6%), and Canada (2.9%).