Aug. 13, 2015, 11:40 AM
- Thinly traded nano cap Swisher Hygiene (SWSH +120.8%) jumps on a whopping 40x surge in volume in response to its announcement it has agreed to sell its U.S. operations to Ecolab (ECL +0.1%) for $40M in cash.
- On August 10, it reported that it completed the sale of its Canadian operations for $2.6M in cash plus $169K of payable items.
- In Q2, it booked revenues of $44.8M, but lost ($7.7M).
Apr. 8, 2013, 6:09 PM
Ecolab (ECL) agrees to divest certain assets used by Champion Technologies that provide deepwater production chemical management services in the Gulf of Mexico, clearing the way for the companies to merge. Without the divestitures, the Justice Department said the merger would result in higher prices, reduced service quality and diminished innovation.| Apr. 8, 2013, 6:09 PM
Oct. 17, 2012, 8:43 AM
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.| Oct. 17, 2012, 8:43 AM | 1 Comment
Oct. 12, 2012, 7:49 AM
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.| Oct. 12, 2012, 7:49 AM
Nov. 30, 2011, 3:58 PM
It's a happy marriage for Ecolab (ECL +2.5%) and Nalco (NLC +1.5%) after shareholders with both companies approve a $5.4B merger of the two firms that service the water, hygiene, and energy industries. The final price tag for the deal will be ~$8.3B, including the offer value of $5.6B for Nalco's shares and $2.7B for the assumption of Nalco's net debt.| Nov. 30, 2011, 3:58 PM
Aug. 24, 2011, 7:01 AM
Jul. 20, 2011, 6:46 AM
Jul. 20, 2011, 5:26 AM
Cleaning products giant Ecolab (ECL) is poised to buy Nalco Holding (NLC), a maker of chemicals for water treatment, pollution control and energy conservation, for around $5B, sources say. The total enterprise value, including net debt, is around $8B, and the deal could be announced as soon as this morning.| Jul. 20, 2011, 5:26 AM