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People & Business :: M&A
Ecolab to sell deepwater product line to Clariant to gain antitrust approval of Champion acquisition (updated)
10:11 AM MDT | April 9, 2013 | Robert Westervelt
Ecolab has entered into a consent agreement with the US Department of Justice (DOJ) regarding Ecolab’s previously announced $2.3-billion acquisition of Champion Technologies. The agreement requires Ecolab to divest certain assets and license technology that serves customers in US Gulf of Mexico deepwater drilling to Clariant. Ecolab now expects to close the Champion acquisition by 15 April....
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