Cleanzine: your weekly cleaning and hygiene industry newsletter 18th April 2024 Issue no. 1110
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Ecolab expands Brazil institutional business
Ecolab announced today that it has acquired Econ Industria e Comercio de Produtos de Higiene e Limpeza, a provider of cleaning and sanitising products and services to the Brazilian foodservice industry. Based in Sao Paulo, Brazil, its annual sales are approximately US$9 million.
The business operations will be integrated with Ecolab's existing Brazil institutional business. No further details were disclosed.
Douglas M. Baker, Jr., Ecolab's Chairman and Chief Executive Officer commented on the announcement, saying:
"Econ operates a very similar business model to our own and serves a similar customer base in the expanding Brazilian foodservice market. 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."
15th March 2012