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Chemical Week Magazine :: Business & Finance :: United States/Americas

Extended antitrust review delays Ecolab, Champion deal

9:28 AM MST | January 11, 2013 | —Vincent Valk

BAKER: An agreement with justice officials is expected this year. Ecolab’s $2.2-billion acquisition of oil-field services firm Champion Technologies is now expected to close by 28 February 2013, as the company remains in extended discussions with the US Department of Justice (DOJ; Washington) regarding antitrust review, Ecolab says. The acquisition was originally expected to close by the end of 2012. “We have worked hard with the DOJ to resolve the remaining issues regarding our transaction,” says Ecolab CEO Douglas Baker. “We have entered...

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