Ecolab resolves DOJ concerns to acquire Champion


Ecolab Inc., a cleaning, food safety and pest-control services company based in St. Paul, has reached a deal with federal regulators to move forward with its proposed $2.16 billion acquisition of Texas-based Champion Technologies Inc., the Star Tribune reports.

The U.S. Department of Justice says the agreement requires selling Champion's chemical management services for deepwater wells in the Gulf of Mexico in order to resolve antitrust concerns. The settlement affects about 3 percent of Champion's business.

After months of negotiations, Ecolab expects to complete the transaction within the next few days, according to a company news release.

“We are pleased to have reached an agreement with DOJ on this matter,” Douglas Baker, Ecolab’s chairman and chief executive officer, said in the statement. "Champion strengthens our position in the fast-growing oil and gas services industry. It bolsters our ability to better serve customers by bringing important and complementary geographic and technology strengths to our Global Energy business — particularly in the upstream production area — and enables us to more fully capitalize on the significant developing oil and gas market opportunities."

Ecolab first announced it was buying Champion for $2.2 billion, a specialty chemical maker, last October. Terms of the purchase agreement were amended in December, which dropped the value of the deal to $2.16 billion.

Click here, to follow Ecolab's stock performance.

Next Up

Antoine Winfield Jr.

Watch: Gopher alums Antoine Winfield Jr., Tyler Johnson make key plays in Bucs' playoff win

The Minnesota greats had a pair of highlights as Tampa Bay advanced to the NFC Championship.


Crews respond to fire at Gertens in Inver Grove Heights

It's reported that a greenhouse on the grounds was on fire.

Marcus Carr

Why the Gophers could be in line for a high seed in the NCAA Tournament

The Gophers are done with a brutal stretch and are poised to make a run.

police tape

Authorities ID man fatally struck by 'errant bullet' in Willmar

The man was working in his garage when he was fatally shot.


1 dead, 1 critically injured in head-on crash on Highway 169

The State Patrol says driving impaired may have been a factor in the crash.

Richard Pitino

Gophers game against Nebraska postponed due to COVID outbreak

The Cornhuskers have had 12 members of its team test positive for COVID-19.

Bob Kroll

What Minneapolis Police Lt. Bob Kroll said in Sunday radio interview

Kroll said that once he's retired he'll go "radio silent."

coronavirus, SARS-CoV-2, covid-19

Here is Minnesota's COVID update for Sunday, January 17

The health department provides updates daily at 11 a.m.

Sen. Julia Coleman

'No one's business': State senator calls out attack on her pregnancy

Sen. Julia Coleman represents Minnesota's District 47.

Willmar Police Department

'Errant bullet' goes through garage wall, kills Willmar man

The man was working in his garage when he was shot, witnesses said.