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Ecolab closes Champion deal, to sell deepwater unit to Clariant
8:42 AM MDT | April 16, 2013 | Robert Westervelt
Ecolab last week closed on its $2.3-billion acquisition of Champion Technologies. The company secured US antitrust approval for the deal when it agreed to sell a Champion chemical product line that serves customers in US Gulf of Mexico deepwater drilling to Clariant. Champion had 2012 revenues of $1.3 billion and has 3,200 employees in more than 30 countries. Under a consent agreement with the US Department of Justice (DOJ), Ecolab is required to sell Clariant the patent for Champion’s best-selling production chemical in the deepwater Gulf, exclusive...
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