Ecolab to Acquire Champion for $2.2 Bln (USA)

Ecolab Inc. announced that it has agreed to acquire privately held Champion Technologies and its related company Corsicana Technologies (hereafter collectively referred to as Champion) in a transaction valued at approximately $2.2 billion, to be paid through a mix of approximately 75% cash and 25% stock.

Champion is a Houston, Texas-based global energy specialty products and services company with approximately 3,300 employees in more than 30 countries delivering product and service-based offerings to the oil and gas industry. 2011 sales were $1.2 billion. Closing is expected to occur by year-end 2012, subject to regulatory clearance and other customary closing conditions.

Read more: Ecolab to Acquire Champion for $2.2 Bln (USA)| Offshore Energy Today.

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Posted on October 15, 2012, in AMERICAS, Houston, North America, Texas, United States and tagged , , , , , , , , , . Bookmark the permalink. Comments Off on Ecolab to Acquire Champion for $2.2 Bln (USA).

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