Ecolab to acquire oilfield chemicals firm for $2.2 billion

Baker: Refining portfolio to focus on core businesses. Ecolab has agreed to acquire oilfield chemicals firm Champion Technologies (Houston), for $2.2 billion. Champion has about 3,300 employees in over 30 countries. The company’s 2011 sales were $1.4 billion. The deal expands Ecolab’s energy services business, which was acquired with Nalco in 2011, into new geographical markets, executives say. Nalco’s business “was disproportionately outside the US,” says Ecolab CEO Douglas Baker. “That’s a good place to be, but...

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