Commercial cleaning products supplier Zep (ZEP) agrees to acquire the assets of Ecolab's (ECL)...

|About: Zep Inc. (ZEP)|By:, SA News Editor

Commercial cleaning products supplier Zep (ZEP) agrees to acquire the assets of Ecolab's (ECL) vehicle care division for ~$120M. Zep anticipates the transaction will be modestly accretive to earnings in FY2013. ECL says the sale helps it to sharpen its focus on core business areas.