IHS Chemical Week

People & Business :: Earnings/Finance

Ecolab, Champion push back acquisition close date

9:30 AM MST | December 21, 2012 | Vincent Valk

Ecolab’s $2.2-billion acquisition of oilfield services firm Champion Technologies is now expected to close by 28 February 2013, as opposed to the end of this year as originally announced. Ecolab remains in discussions with the US Department of Justice (DOJ; Washington) regarding antitrust issues surrounding the deal, the company says.   “We have worked hard with the DOJ to resolve the remaining issues regarding our transaction. Unfortunately, given the short time remaining in the year, it has become clear we are unlikely to finalize the work with...

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