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

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Ecolab Latest News

BRIEF-Ecolab Inc - ‍Announced Addition Of Six Weeks Of 100-Percent- Paid Parental Leave For All U.S. Parents

Nov 30 (Reuters) - Ecolab Inc: * ECOLAB INC - ‍ANNOUNCED ADDITION OF SIX WEEKS OF 100-PERCENT- PAID PARENTAL LEAVE FOR ALL U.S. PARENTS, BEGINNING JAN. 1, 2018 Source text for Eikon: Further company coverage: ( ...
Posted: November 29, 2017, 4:00 pm

Ecolab buys Selkirk cleaning company RP Adam

A 126-year-old Borders cleaning and disinfectant business has been sold. American hygiene services firm Ecolab announced the acquisition of Selkirk-based RP Adam, part of the Arpal Group. The Scots firm employs 85 factory and field personnel in the UK with ...
Posted: December 4, 2017, 4:00 pm

Ecolab Focuses on Pest Elimination, Acquires 3 Companies

Ecolab Inc. ECL recently announced the acquisition of three U.S. pest services companies that provide specialized capabilities in food storage. The transactions are worth $36 million and were closed on Dec 1. The acquired companies are Food Protection ...
Posted: December 5, 2017, 5:12 am
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