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

Gene Lee Receives Foodservice Industry's Top Honor

Gene was nominated by Ecolab and was one of nine operator all-stars who were eligible for the award after being nominated in March for an IFMA Silver Plate award. Gene represented the Chain Full Service category. "It's an honor to receive this award.
Posted: May 20, 2018, 5:44 am

Ecolab Event Raises More Than $200,000 for National Restaurant Association Educational Foundation Scholarships

Ecolab Inc. helped raise more than $200,000 for the National Restaurant Association Educational Foundation (NRAEF) during the 16 th Annual Ecolab Chairman's Reception, held the evening of Sunday, May 20, in conjunction with the National Restaurant ...
Posted: May 21, 2018, 5:37 am

3M, United Health, Ecolab make list for most gluttonous CEOs

We all knew that CEOs were making way, way more than the average worker, but we didn’t know the half of it. Minneapolis Congressman Keith Ellison just published a new report, which includes wage data on almost 14 million workers at 225 United States ...
Posted: May 17, 2018, 2:18 am
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