BRAZIL: Ecolab Inc. has acquired Econ Indústria e Comércio de Produtos de Higiene e Limpeza Ltda., a provider of cleaning and sanitizing products and services to the Brazilian foodservice industry. Based in São Paulo, Brazil, its annual sales are approximately $9 million. The business operations will be integrated with Ecolab’s existing Brazil Institutional business. No further details were disclosed.
“Econ operates a very similar business model to our own and serves a similar customer base in the expanding Brazilian foodservice market,” said Douglas M. Baker, Jr., Ecolab’s chairman and chief executive officer. “This acquisition will increase our service capacity and scale, improve customer coverage, and strengthen our customer relationships and opportunities for our fast-growing Brazilian institutional business. We welcome our new associates and customers to Ecolab, and we look forward to growing with them.”
More info: www.ecolab.com