Ecolab acquires water care company.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)--March 6, 1995--Ecolab announced today it has acquired RO/CO Corporation of Washington D.C. RO/CO Corporation is a manufacturer and marketer of water treatment products and services for the hospitality, commercial and industrial markets. RO/CO sales approximated $5 million in 1994. Terms of the transaction were not disclosed. 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, commented, saying "Water care is a natural extension of Ecolab's service to its hospitality, foodservice and healthcare markets. RO/CO represents the second acquisition in our plan to build Ecolab's national water care service network. We anticipate additional acquisition activity over the coming months as we fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. our commitment to this market." Ecolab is the leading global developer and marketer of premium cleaning, sanitizing and maintenance products and services for the hospitality, institutional and industrial markets. For the year ended December 31, 1994, Ecolab reported sales of $1.2 billion; Ecolab's global coverage approximated $2 billion, including European joint venture sales of $0.8 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 Stock 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. . CONTACT: Ecolab Inc., St. Paul, Minn. Michael J. Monahan, 612/293-2809 |
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