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.
Timberwolves survive Knicks' second-half barrage to get back to .500
Karl-Anthony Towns' lay-in helped Minnesota get a win in The Garden.
No travel advised: High winds, whiteout conditions in NW MN
Zero visibility in parts of greater Minnesota Tuesday night.
Update: Holy Angels evacuated over bomb threat, school says
Someone left a voicemail early Tuesday suggesting there was an explosive device.
Convicted stalker charged with harassment of another DJ at The Current
He pleaded guilty to similar charges involving the DJ's colleague back in 2015.
Gophers fall below roster minimum, postpone Penn State game
It is "due to internal COVID-19 protocols within the Golden Gopher program."
Report: Vikings request interview with Rams' Raheem Morris
Morris was once the youngest head coach in the NFL at 33 years old.
Sheriff: Drunk driver crashed trying to 'beat the train'
The BNSF train slammed into the side of the driver's car.
Man run over after parking dispute leads to road rage crash
The two groups fought about parking prior to the crash.
Deadly crash shuts down small stretch of Chaska highway for hours
A driver crossed over the center median and hit another vehicle.
You can now order 4 free at-home COVID tests from the government
Tests will ship for free within 7-12 days, according to the White House.
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 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 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 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.
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.
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