Ecolab Life Sciences Announces 12% Price Increase

Rhea-AI Summary

Ecolab Inc. (NYSE:ECL) announces a global price increase of 12% for its Life Sciences division products and services, effective February 1, 2022. This decision is prompted by ongoing global supply chain disruptions and rising costs related to raw materials, logistics, and labor. Ecolab aims to continue providing innovative solutions to its customers, who are focused on improving contamination control practices. Current customers of Purolite will not be affected by this price increase.

Positive

• Ecolab is raising prices by 12% to maintain service quality amidst rising costs.
• Continues to focus on providing innovative solutions in contamination control.

Negative

• Price increase may impact customer budgets and operational costs.
• Global supply chain disruptions could affect future service delivery.

ST. PAUL, Minn.--(BUSINESS WIRE)-- Ecolab Inc. (NYSE:ECL), the global leader in water, hygiene and infection prevention solutions and services, will begin implementing a price increase for all Life Sciences division offerings, effective February 1, 2022, due to the significant and ongoing global supply chain disruptions and cost increases, including those for raw materials, logistics and labor.

Pricing for the Life Sciences segment programs will increase 12% globally.

“As our Life Sciences customers are working to create life changing solutions, our focus is to continue providing leading innovation, service support and end-to-end solutions that help improve contamination control practices and reduce their total cost of operation,” said Surachet Tanwongsval, vice president and general manager, Global Life Sciences. “The extraordinary increase in cost pressures and often challenging availability of key raw materials has made it necessary for us to raise prices to continue providing leading programs and advanced expertise.”

Ecolab Life Sciences provides advanced contamination control programs, products and services to help customer sites critical to public health mitigate risk and maximize uptime and productivity and maintain business continuity, efficiency and compliance.

Ecolab Life Sciences account managers will be available for customers to discuss the impact of these increases on their Ecolab program.

Due to the ongoing integration with Purolite, this announcement does not apply to current Purolite customers.

About Ecolab

A trusted partner at nearly three million 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

Follow us on LinkedIn @Ecolab, Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.

(ECL-C)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220121005064/en/

Michael J. Monahan

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Andrew C. Hedberg

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Source: Ecolab Inc.

FAQ

What is the reason for Ecolab's price increase for Life Sciences products in 2022?

Ecolab is implementing a 12% price increase for its Life Sciences division due to ongoing global supply chain disruptions and rising costs for raw materials, logistics, and labor.

When will the new prices for Ecolab’s Life Sciences division take effect?

The new pricing for Ecolab's Life Sciences division will take effect on February 1, 2022.

Which customers are affected by Ecolab's recent price increase?

The price increase applies to all Life Sciences division offerings, excluding current Purolite customers.

How does Ecolab support its customers amid rising costs?

Ecolab is committed to providing leading innovation, service support, and end-to-end solutions to help improve contamination control practices for its customers.