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Ecolab finally closes on Champion purchase

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Ecolab Inc. has completed its planned acquisition of Houston-based Champion Technologies, according to a company news release. The total transaction value, including assumed debt, was approximately $2.3 billion.

Earlier this week, the St. Paul-based cleaning and sanitation products maker agreed to sell Champion's chemical management serves in the Gulf of Mexico to resolve antitrust concerns with the U.S. Department of Justice. That agreement allowed Ecolab to move forward with the proposed merger.

Ecolab first announced its plan to buy Champion, a specialty chemical maker, last October. However, concerns from federal regulators and months of negotiations delayed the closing.

Click here, to follow Ecolab’s stock performance.

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