Ecolab sell Vehicle Care division Zep $120 million

Ecolab to sell Vehicle Care division to Zep for $120 million

11:40 AM, 17th October 2012
Ecolab to sell Vehicle Care division to Zep for $120 million
Douglas M Baker, Jr, Chairman and CEO, Ecolab.

ST PAUL, US: Ecolab has agreed to sell its Vehicle Care division to Zep Inc for approximately $120 million in cash. Completion of the transaction is subject to regulatory clearance and other standard closing conditions. No further details were disclosed.

“This sale enables us to sharpen our strategic focus on our core business areas while assuring Vehicle Care customers will receive excellent ongoing product and service support from a long-established provider in the industry. In addition, our Vehicle Care colleagues will be part of a business in which they will be more closely aligned and have access to the tools and resources that will support growth; we thank them for their many contributions and wish them every success in the future,” said Douglas M Baker, Jr, Chairman and CEO, Ecolab.

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