Ecolab Net Worth is47.2 12-Month Sales Growth (%)
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Company Name: Ecolab, Inc
Company Type: Public company, S&P 500
Traded As: ECL
Foundation: 1923
Location: St. Paul, Minnesota
Key People: Douglas M. Baker, Jr Chairman of the Board, President and Chief Executive Officer of Ecolab. Director of Ecolab since February 2004.
Industry: Public utility, Hygiene Chemicals, Sanitary engineering, Pest control, Food safety
Products: Ecolab#Products and services
Num Employees: '''42,000''' ( 2011)
Revenue: operating income
Net Income: {{profit USD '''462.5''' 1000000 (number) (2011)
Homepage: [ Ecolab Inc.], [ Ecolab UK]
Company Logo: Image:Ecolab.svg
Ecolab, Inc. (NYSE: ECL); headquartered in St. Paul, Minnesota is a global provider of water, hygiene and energy technologies and services to the food, energy, healthcare, industrial and hospitality markets. It was originally founded as Economics Laboratory in 1923 by Merritt J. Osborn, and renamed to Ecolab in 1986.
Ecolab delivers comprehensive programs and services that provide and protect clean water, safe food, abundant energy and healthy environments in more than 160 countries. The company stock is a component of the Standard and Poor's 500 index.
The origins of Ecolab Inc. traces to 1923, when Merritt J. Osborn founded Economics Laboratory, a specialty chemical manufacturer. Its first product was a rug cleaner for hotels; and one of its prominent product was Soilax, a chemical detergent for mechanical dishwashers. During the 1930s, it expanded throughout the United States; and the sales reached US$5.4 million by the end of 1940's. It acquired the Magnus Company in the early 1950s, which gave the company access to Magnus's industrial specialty businesses - including pulp and paper, metalworking, transportation, and petrochemical processing.
In the 1950s, international expansion of Economics Laboratory started, with the establishment of its first overseas subsidiary in Sweden in 1956. It became a publicly traded corporation in 1957, and continued to expand during the 1960s and 1970s. In 1979, it acquired Apollo Technologies; but in 1983, the acquired Apollo subsidiary was shut down.
In 1986, the company changed its name from Economics Laboratory to Ecolab Inc.
In 1987, Ecolab purchased the lawncare servicer provider, ChemLawn for US$376 million. It sold the acquisition in 1992 to Service Master, for US$103 million as it couldn't turn ChemLawn into a profitable business. Ecolab and the German FMCG firm, Henkel KGaA formed a 50:50 European joint venture called 'Henkel-Ecolab' in mid 1991 to expand into European/Russian markets.
Ecolab would cont

Ecolab Latest News

Ecolab Inc. (ECL) Position Reduced by Ashburton Jersey Ltd

Ashburton Jersey Ltd decreased its stake in shares of Ecolab Inc. (NYSE:ECL) by 24.4% during the second quarter, Holdings Channel reports. The institutional investor owned 27,401 shares of the company’s stock after selling 8,858 shares during the period.
Posted: October 18, 2016, 4:10 pm

Cleaning Products: Ecolab Inc. (NYSE:ECL) Position of the day

Outlined as the total market value of all unsettled shares of the company, the current market cap for the Ecolab Inc. (NYSE:ECL) Cleaning Products is valued at 34137.14. The dominant statistics will authorize the investment community to govern the size ...
Posted: October 20, 2016, 7:43 am

Seaport Global Securities Brokers Reduce Earnings Estimates for Ecolab Inc. (ECL)

Ecolab Inc. (NYSE:ECL) – Stock analysts at Seaport Global Securities decreased their FY2016 EPS estimates for Ecolab in a report released on Monday. Seaport Global Securities analyst M. Harrison now expects that the brokerage will post earnings per share ...
Posted: October 20, 2016, 6:27 am
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