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Corporate News Blog - Ecolab to Acquire Georgia-Pacific’s Paper Chemicals Business

LONDON, UK / ACCESSWIRE / October 3, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ecolab Inc. (NYSE: ECL), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=ECL. The Company announced on September 29, 2017, that it has signed an agreement to acquire the Paper Chemicals business from Georgia-Pacific. The transaction is expected to expand Ecolab's offerings for the paper industry. For immediate access to our complimentary reports, including today's coverage, register for free now at:

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At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on ECL. Go directly to your stock of interest and access today's free coverage at:

http://protraderdaily.com/optin/?symbol=ECL

Transaction Details

  • Georgia-Pacific's Chemicals business supplies differentiated products and applications that provide strength, softness, and durability to paper. These products would augment Ecolab's position in the growing Tissue and Towel segment, as well as the Packaging and Board segments.

  • For the year 2016, Georgia-Pacific's Chemicals business reported revenues of approximately $43 million.

  • As of now, the transaction is subject to customary closing conditions. Ecolab anticipates that the transaction would get completed before the end of the year.

  • Any additional terms of the transaction have not yet been disclosed.

The Impact of the Deal on Ecolab

The acquisition of the Chemicals business would help expand the paper industry offerings of Ecolab's Paper business. Ecolab's Paper business offers innovative chemistries and solutions that would assist producers in improving their efficiency, water and energy savings, product quality, as well as profitability.

Christophe Beck, Executive Vice President and President, Nalco Water, Ecolab's Water Management Business, shared his views about the acquisition. He mentioned that the deal would facilitate Ecolab in delivering additional value for its customers, who constantly seek to produce higher-quality paper more efficiently while preserving natural resources. He also shared that the chemistries from this acquisition would complement Ecolab's existing solutions, and would enable the Company to customize end-to-end programs for fulfilling the varied needs of its customers.

Positive Remarks from Georgia-Pacific's President

Rick Urschel, President at Georgia-Pacific Chemicals, shared positive remarks about the transaction. He believes that the sale of the Chemicals business to a global industry leader like Ecolab's Nalco Water will be in the best interest of its customers and stakeholders.

Ecolab Named to Dow Jones Sustainability North America Index

Ecolab got named to the 2017 Dow Jones Sustainability Indices (DJSI) North America Index on September 08, 2017. This marks the third consecutive year in which the Company has been selected for the North America Index, and its fourth listing since 2012.

The DJSI was launched in 1999, and tracks leading sustainability-driven Companies based on an analysis of financially relevant environmental, social, and governance factors. These indices are referred as yardsticks for comparison by investors who incorporate sustainability considerations into their portfolios. Moreover, the indices also offer an effective engagement platform for Companies looking to adopt sustainable best practices.

About Ecolab Inc.

Ecolab is a worldwide leader in water, hygiene, and energy technologies and services that protect people and vital resources. In the year 2016, the Company reported sales of approximately $13 billion, and is considered a trusted partner at more than one million customer locations and has around 48,000 associates. The Company offers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality, and industrial markets in over 170 countries around the world.

Last Close Stock Review

On Monday, October 02, 2017, the stock closed the trading session at $130.65, climbing 1.59% from its previous closing price of $128.61. A total volume of 1.17 million shares have exchanged hands, which was higher than the 3-month average volume of 830.49 thousand shares. Ecolab's stock price advanced 3.79% in the past six months and 7.34% in the previous twelve months. Furthermore, since the start of the year, shares of the Company have surged 11.46%. The stock is trading at a PE ratio of 29.85 and has a dividend yield of 1.13%. At Monday's closing price, the stock's net capitalization stands at $38.00 billion.

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