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.
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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.

The earnings reports includes gains following Ecolab's acquisition of Nalco Holding Co. completed late last year.

"We expect to deliver a strong year in 2012, and in doing so, help set up growth for the future. The integration of Ecolab and Nalco is going very well, and based on our experience with customers, we are more confident than ever in the value we will create through our merger. Our other recent acquisitions are also performing well and are ahead of plans," CEO Doug Baker said in a news release.

Earlier this month, Ecolab reached a deal to acquire Champion Technologies, an oil-services company based in Texas for $2.2 billion.

Ecolab also agreed to sell all assets of its vehicle care business to Atlanta-based Zep Inc. for $120 million.

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