Ecolab Closes on Purchase of Purolite

Rhea-AI Summary

Ecolab has successfully completed its acquisition of Purolite, a top global supplier of high-quality ion exchange resins aimed at the separation and purification of solutions for pharmaceutical and industrial needs. This acquisition, valued at approximately $3.7 billion, is expected to enhance Ecolab's market presence, with Purolite anticipating sales of around $0.4 billion in 2021. Ecolab continues to lead in water and hygiene solutions, generating annual sales of $12 billion and serving customers in over 170 countries.

Positive

• Acquisition of Purolite strengthens Ecolab's position in high-end ion exchange resins market.
• Expected sales of Purolite around $0.4 billion in 2021 could boost Ecolab's revenue.
• Ecolab's annual sales of $12 billion indicate a strong financial foundation.

Negative

• None.

ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. has closed on its previously announced acquisition of Purolite, a leading and fast-growing global provider of high-end ion exchange resins for the separation and purification of solutions for pharmaceutical and industrial applications. Headquartered in King of Prussia, PA, Purolite operates in more than 30 countries, with expected 2021 sales of approximately $0.4 billion. Total consideration was approximately $3.7 billion.

About Ecolab

A trusted partner at nearly three million commercial customer locations, Ecolab (ECL) is the global leader in water, hygiene and infection prevention solutions and services. With annual sales of $12 billion and more than 44,000 associates, Ecolab delivers comprehensive solutions, data-driven insights and personalized service to advance food safety, maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

(ECL-A)

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005634/en/

Michael J. Monahan (651) 250-2809

Andrew C. Hedberg (651) 250-2185

Source: Ecolab Inc.

FAQ

What is Ecolab's recent acquisition?

Ecolab has acquired Purolite, a leading global provider of ion exchange resins.

How much did Ecolab pay for Purolite?

The acquisition of Purolite was valued at approximately $3.7 billion.

What are Purolite's expected sales for 2021?

Purolite is expected to generate sales of around $0.4 billion in 2021.

How does the acquisition impact Ecolab's business?

The acquisition is expected to strengthen Ecolab's position in the ion exchange resins market.