Ecolab (ECL) announces it plans to acquire Champion Technologies for $2.2B to be paid with a mix...

|About: Ecolab Inc. (ECL)|By:, SA News Editor

Ecolab (ECL) announces it plans to acquire Champion Technologies for $2.2B to be paid with a mix of 75% cash and 25% stock. The company says the deal should help it find new oil and gas opportunities in North America and will be accretive in 2013. Synergies from the combined entity are forecast to add $150M to Ecolab's total-run rate by 2015.