Ecolab and Nalco shareholders approve merger, creating US$11 billion organisation

In what is described as a transaction that will create the global leader in water, hygiene and energy technologies and services, Ecolab Inc and Nalco Holding Company shareholders have overwhelmingly approved the merger of the two companies. The announcement was made 30 November 2011. The merger will deliver coverage in more than 160 countries and […]

Ecolab and Nalco agree to mergeIn what is described as a transaction that will create the global leader in water, hygiene and energy technologies and services, Ecolab Inc and Nalco Holding Company shareholders have overwhelmingly approved the merger of the two companies. The announcement was made 30 November 2011.

The merger will deliver coverage in more than 160 countries and combined 2011 annualised sales of more than US$11 billion.

“We are extremely pleased by the shareholder approval of this merger with Nalco and are excited by the terrific opportunities it brings to our customers, shareholders and employees,” said Douglas M. Baker, Jr, Ecolab chairman and chief executive officer.

“As one company, we will strengthen our opportunities and capabilities to provide customers with the most innovative, integrated and cost-effective solutions.

“Our combined company will bring the best-in-class water and hygiene technology, enabling us to uniquely meet the growing global needs around food safety, infection prevention, water management and energy availability.”

Upon completion of the merger, Erik Fyrwald, the chairman and chief executive officer of Nalco, will be named president of Ecolab, reporting to Baker.

www.nalco.com, www.ecolab.com

Leave a comment:

Your email address will not be published. All fields are required