Ecolab Significantly Expands Latin American Business.Business Editors ST. PAUL St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn.--(BUSINESS WIRE)--Feb. 2, 2000 Acquires cleaning and sanitizing operations in Chile, Argentina Ecolab Inc. announced it has acquired Spartan de Chile Limitada and Spartan de Argentina S.A. Both of the acquired companies, which are licensees of Spartan Chemical Company, Inc. of Toledo Ohio, are leaders in the institutional and industrial cleaning and sanitizing markets in their countries. Sales for the combined companies acquired were approximately $20 million in 1999. The Spartan acquisitions will be combined with Ecolab's existing operations. Terms of the agreement were not announced. Commenting on the acquisition, Allan L. Schuman Allan L. Schuman, age 71, is the former CEO of Ecolab, Inc. He resigned as chairman of the board in May 2006 and was named chairman emeritus, an honorary position. He worked at Ecolab for 49 years. Mr. , Ecolab's Chairman, President and Chief Executive Officer said, &uot;The similarity Similarity is some degree of symmetry in either analogy and resemblance between two or more concepts or objects. The notion of similarity rests either on exact or approximate repetitions of patterns in the compared items. of this acquisition's business approach and customer base to that of our own will enable us to leverage the combined sales-and-service force to provide improved service levels and opportunity for our customers, as well as better growth for Ecolab. This is an important investment in our Latin American operations, and underscores our commitment to growth in this region.&uot; Ecolab is the leading global developer and marketer of premium cleaning, sanitizing, maintenance and pest elimination products and services for the hospitality, institutional and industrial markets. For the year ended December 31, 1998, Ecolab reported sales of $1.9 billion; including European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. joint venture sales of $0.9 billion, Ecolab's global sales coverage was $2.8 billion. Ecolab shares are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and the Pacific Exchange under the symbol ECL (Emitter-Coupled Logic) A digital circuit composed of bipolar transistors in which the emitter ends are wired together. ECL gates switch faster than TTL gates, but consume more power. See TTL, I2L and bipolar. 1. . Ecolab news releases and other investor information are available on the Internet at www.ecolab.com; and by telephone at 1-800-FACT-ECL. |
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