Specialty Chemicals M&A » By The Online Investor Staff, updated Sat., May. 4, 1:35 PM
Recent mergers and acquisitions in the Specialty Chemicals M&A category.
Slide #83. Zep Inc. — Vehicle Care Division of Ecolab
Acquirer: |
Zep Inc. (ZEP) |
Acquiree: |
Vehicle Care Division of Ecolab (ECL) |
Details: |
Zep Inc., a leading producer and marketer of a wide range of cleaning and maintenance solutions, today announced that it has entered into a definitive agreement to purchase all of the assets of Ecolab Vehicle Care, a division of Ecolab Inc., for approximately $120 million. Sales and adjusted EBITDA for Ecolab's vehicle care division for the trailing 12 months ending June 30, 2012 were approximately $66 million and $13 million, respectively. Pending regulatory approvals, the purchase is expected to close later this calendar year. |
Zep is a consumable chemical packaged goods company, providing a range of chemicals and related products and services. Co. markets its products and services under brand names, including Zep®, Zep Professional®, Zep Commercial®, Zep Automotive® and other Zep Inc. brands. Co. markets a range of maintenance and cleaning solutions for its customers. Co.'s product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products and delivery systems, and a range of industrial and automotive maintenance chemicals.
Open the ZEP Page at The Online Investor »
Zep is a consumable chemical packaged goods company, providing a range of chemicals and related products and services. Co. markets its products and services under brand names, including Zep®, Zep Professional®, Zep Commercial®, Zep Automotive® and other Zep Inc. brands. Co. markets a range of maintenance and cleaning solutions for its customers. Co.'s product portfolio includes anti-bacterial and industrial hand care products, cleaners, degreasers, deodorizers, disinfectants, floor finishes, sanitizers, pest- and weed-control products, air-care products and delivery systems, and a range of industrial and automotive maintenance chemicals.
Open the ECL Page at The Online Investor »
Company Name: |
Ecolab Inc |
Website: |
www.ecolab.com |
Sector: |
Specialty Chemicals |
Number of ETFs Holding ECL: |
111 |
Total Market Value Held by ETFs: |
$8.07B |
Total Market Capitalization: |
$64.23B |
% of Market Cap. Held by ETFs: |
12.56% |
|