Ecolab Sells China Industrial Phosphonate Chemical Component Business
ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc., the global leader in water, hygiene and energy technologies and services, has sold the phosphonate component business in China that was acquired as part of its 2015 Jianghai acquisition to Italmatch Chemicals SpA, a leading global specialty chemicals group and phosphonate supplier. Terms of the transaction were not disclosed.
Jeff Bulischeck, executive vice president and general manager, Global Heavy Industries, for Nalco Water, an Ecolab company, commented, “This sale enables us to sharpen our strategic focus on our core offerings and will allow us to accelerate profitable growth in China.”
Ecolab has retained Jianghai’s Service & Formulated business, which provides differentiated products and services to China’s heavy industry water treatment market.
A trusted partner at more than two million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With annual sales of $14 billion and 48,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. For more Ecolab news and information, visit www.ecolab.com.
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