Skip to main content

Bill Gates allowed to increase stake in Ecolab

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.
  • Author:
  • Updated:
    Original:

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.

Next Up

Governor Tim Walz

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.

ambulance

2 dead, 1 with life-threatening injuries in Hwy. 7 crash

Both drivers were not wearing their seatbelt, according to the State Patrol.

Screen Shot 2022-09-25 at 11.50.33 AM

15-year-old Richfield football game shooting suspect arrested

A 16-year-old accused of instigating the altercation is also in custody.

Police tape

3 arrested after homicide, burglary in Inver Grove Heights

Charges of first-degree murder and first-degree burglary are pending.

fire, firefighter

Woman dies after becoming trapped in Waseca house fire

Police tried to enter the home but heavy smoke prevented them from getting inside.

ambulance

1 dead, 2 with life-threatening injuries in Minnesota crash

The crash happened just after 7:30 p.m. Friday.

Image (1)

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

Richfield High School cancels weekend events after shooting

Two men were shot outside the school's football stadium

Screen Shot 2022-09-23 at 10.21.38 PM

Sound of shots, mass panic at Richfield football game streamed live on YouTube

Gunfire caused panic at a varsity football game Friday night.

J. Gordon

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.

Related

Ecolab's net income, sales surge in third quarter

Ecolab Inc., the St. Paul-based cleaning and pest-control giant, says its net sales jumped 74 percent to $3 billion in the third quarter, RTTNews.com reports. Net income was also up 54 percent compared to the same period a year earlier.

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.