Ecolab sells some assets to Swiss firm - Bring Me The News

Ecolab sells some assets to Swiss firm


Ecolab Inc will sell some of its deep water assets in the Gulf of Mexico to a Swiss chemicals firm. Reuters reports that the financial details of the deal signed with Clariant have not been disclosed.

According to Clariant, Ecolab had to divest the assets to win U.S. approval for its $2.2 billion acquisition of privately held oilfield specialty chemicals maker Champion Technologies Inc. Clariant said it was buying Champion's oil and gas production chemicals services.

Next Up


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.

Honeywell to acquire Swiss-based energy controls firm for $130M

New Jersey-based Honeywell International Inc. has reached a deal to buy Saia Burgess Controls for $130 million, the Star Tribune reports. The Swiss-based company makes programmable heating and cooling controls for commercial buildings. It will become part of Honeywell’s Environmental and Combustion Controls business, which is based in Golden Valley.

Regis sells Hair Club for Men and Women to Japanese firm

For Edina-based Regis, the deal will help it concentrate on its core salon businesses which include Supercuts and MasterCuts. The company also shed some other non-core assets of late, the Star Tribune points out. In April Regis announced that it was selling its minority stake in Europe's biggest hair salon company, Provalliance.