Ecolab has entered into an agreement with Bill & Melinda Gates Foundation Trust and other investors to allow Gates to acquire up to 25 percent of the St. Paul-based maker of cleaning products. Gates currently holds 11 percent of the company.
Walz, judge in dispute over Feeding Our Future case
A Ramsey County judge disputed Walz's claims that the Minnesota Department of Education was ordered by the court to resume payments to Feeding Our Future.
2 dead, 1 with life-threatening injuries in Hwy. 7 crash
Both drivers were not wearing their seatbelt, according to the State Patrol.
15-year-old Richfield football game shooting suspect arrested
A 16-year-old accused of instigating the altercation is also in custody.
3 arrested after homicide, burglary in Inver Grove Heights
Charges of first-degree murder and first-degree burglary are pending.
Woman dies after becoming trapped in Waseca house fire
Police tried to enter the home but heavy smoke prevented them from getting inside.
Eden Prairie-based crypto company files for bankruptcy
The company operates crypto-mining centers.
1 dead, 2 with life-threatening injuries in Minnesota crash
The crash happened just after 7:30 p.m. Friday.
School bus carrying students plunges into river southwest of Fargo
None of the kids suffered life-threatening injuries, though some were taken to area hospitals.
Richfield High School cancels weekend events after shooting
Two men were shot outside the school's football stadium
Sound of shots, mass panic at Richfield football game streamed live on YouTube
Gunfire caused panic at a varsity football game Friday night.
Gunfire outside stadium halts Richfield/Kennedy football game
This is a developing story.
K-9 search leads to $36K fentanyl seizure during traffic stop
A traffic stop was made after the vehicle was seen speeding through the area.
Ecolab sees record sales in first quarter, but acquisition costs stifle earnings
The St. Paul-based maker of cleaning products is feeling the effects of its merger with the water treatment company Nalco Holding. Revenue was up 85 percent in the first quarter, but the cost of integrating the two companies sent earnings downward.
Ecolab to sell Vehicle Care operations for $120M
St. Paul-based Ecolab has agreed to sell all assets of its vehicle care business to Atlanta-based Zep Inc. for $120 million in cash, the Star Tribune reports. Zep makes cleaning and maintenance solutions for commercial, industrial, institutional and consumer end-markets.
Ecolab launches new bio-based cleaners
Minnesota-based Ecolab Inc. has introdcued a new environmentally friendly line of bio-based cleaners for commercial uses designed for hard surfaces like glass and bathroom surfaces. The company says the products are made from "plant-derived natural resources" and don't require protective equipment for use.
Ecolab to acquire chemical company Champion for $2.2 billion
St. Paul-based Ecolab plans to buy Houston-based Champion Technologies Inc. for about $2.2 billion in cash and stock to complement last year’s purchase of Nalco Holding Co. and grab a larger share of the oilfield-chemicals business, Bloomberg News reports.
Ecolab net income jumps 47 percent in 2Q after acquisition
St. Paul-based Ecolab posted second quarter sales that jumped 74 percent to $3 billion thanks to its December acquisition of liquid filtration giant Nalco, the Star Tribune reports. Excluding Nalco, sales rose 3 percent during the quarter. All combined, net income jumped an impressive 47 percent to $184.5 million, or 62 cents a share.
Ecolab eliminating 500 jobs from global workforce
The move is part of a restructuring plan as the St. Paul-based company takes over Nalco Holding Co. The Business Journal reports Ecolab expects it can reduce its workforce largely through attrition. Most of the eliminated postions are corporate administrative jobs. Ecolab also expects these changes to reduce the need for future postions and help reach cost-savings goals.
You Can Get BMTN Special Offers!