Bloomberg News

Ecolab Quarterly Sales Rise 2%, to Cut 500 Jobs in Restructuring

April 30, 2013

Ecolab Inc. (ECL:US), which closed this month on its acquisition of Champion Technologies Inc. and purchased Akzo Nobel NV (AKZA)’s Purate business to expand in the antimicrobial water-treatment market, said first-quarter revenue increased 2 percent to $2.87 billion from a year ago.

St. Paul, Minnesota-based Ecolab, a water, cleaning supplies and energy technologies company, also said in a statement today it plans to cut 500 jobs amid $55 million in restructuring costs. The shares have risen 17 percent this year.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


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Companies Mentioned

  • ECL
    (Ecolab Inc)
    • $106.63 USD
    • 1.34
    • 1.26%
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