21:16 PM | April 10, 2013 | Robert Westervelt
Ecolab has closed on its $2.3-billion acquisition of Champion Technologies. Ecolab secured US antitrust approval of the deal earlier this week 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.
Ecolab says the agreement impacts less than 3% of Champion’s business, and that it will be able to continue to serve customers in the deepwater Gulf of Mexico using Nalco products.