Ecolab To Acquire Commercial Food Equipment Service Company; Another Extension of Circle the Customer Strategy.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)--May 18, 1998--Ecolab Inc. announced today it has agreed to purchase GCS GCS Glasgow Coma Scale GCS Guilford County Schools (North Carolina) GCS Ground Control Station GCS Grand Central Station GCS Ground Control System GCS Ground Combat Systems GCS Group Communication Systems Service, Inc., a Danbury, Connecticut-based provider of commercial kitchen equipment repair services. GCS sales were $48 million in 1997. The purchase is subject to certain closing conditions; terms of the transaction were not announced. Commenting on the agreement, 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 President and Chief Executive Officer, stated, "GCS will provide Ecolab with a natural extension of our Circle the Customer strategy. Ecolab is the leading provider of products and services to the hospitality markets, while GCS is a leader in providing commercial food service equipment parts and around the clock emergency repair services to our same customers. We will expand GCS to enhance its national coverage and expect to leverage our mutual relationships to create even better service for our customers and improved growth for our operations." Ecolab is the leading global developer and marketer of premium cleaning, sanitizing, maintenance and pest elimination products and services for the hospitality, healthcare and light industrial markets. For the year ended December 31, 1997, Ecolab reported sales of $1.6 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 coverage reached $2.5 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. . -0- Ecolab news releases and other investor information are now available on the Internet at http://www.ecolab.com; and by telephone at 1-800-FACT-ECL. CONTACT: Ecolab Michael J. Monahan, 612/293-2809 FAX: 612/225-3123 |
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