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Ecolab To Buy Champion Technologies For $2.2 Billion

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October 12, 2012

Ecolab Inc. announced that it has agreed to acquire privately held Champion Technologies and its related company Corsicana Technologies in a transaction valued at approximately $2.2 billion, to be paid through a mix of approximately 75% cash and 25% stock.

Champion is a Houston-based global energy specialty products and services company with approximately 3,300 employees in more than 30 countries delivering product and service-based offerings to the oil and gas industry. 2011 sales were $1.2 billion.

Closing is expected to occur by year-end 2012, subject to regulatory clearance and other ...


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