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.
- Ecolab buying Champion Technologies for $2.2 bln (marketwatch.com)
- Ecolab buying Champion Tech for $2.2B, hints on good Q3 (bizjournals.com)
- Champion Technologies sold to Ecolab for $2.2B (bizjournals.com)
Posted on October 15, 2012, in AMERICAS, Houston, North America, Texas, United States and tagged acquire, Champion, Champion Technologies, Corsicana Texas, Ecolab, Energy industry, Houston, News, United States, USA. Bookmark the permalink. Comments Off on Ecolab to Acquire Champion for $2.2 Bln (USA).