Breaking News

Ecolab Will Purchase Alcide Corp.

November 15, 2005

Ecolab Inc. announced it will acquire biocide firm Alcide Corp., Redmond, WA. Alcide had global sales of about $22 million in calendar 2003.
The agreement calls for a tax-free exchange in which Alcide shareholders will receive $21 a share to be paid in Ecolab shares based on a formula of Ecolab’s closing price prior to the effective date of the merger.
Alcide had 2.7 million shares outstanding on Nov. 30, 2003, company executives said.
At press time, the agreement was approved by both boards, subject to the approval of Alcide’s shareholders and other customary closing conditions, including regulatory approvals.
“Alcide offers Ecolab proven and valuable technology that will provide a great addition to our product offerings to our food and beverage customers,” said Allan L. Schuman, Ecolab’s chairman and chief executive officer. “With their worldwide patents and Ecolab’s excellent global coverage, we are in a unique position to aggressively expedite the commercialization of Alcide’s technology and grow their business in a more rapid fashion.”
blog comments powered by Disqus
  • Pushin’ the Cushion

    Pushin’ the Cushion

    Christine Esposito, Associate Editor||July 26, 2016
    AmorePacific, the creator of the cushion compact, continues to improve its unique product.

  • Cozy Makes a Splash

    Cozy Makes a Splash

    Melissa Meisel, Associate Editor||July 25, 2016
    Expands reach in CVS and introduces new collection.

  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.