Ecolab Buys Champion Technologies
Purchased Champion and its related company; Launched new business called Nalco Champion.
Ecolab Inc. has bought Champion Technologies and its related company Corsicana Technologies in a transaction valued at about $2.3 billion.
The purchase price includes about $1.3 billion for the equity and another $1 billion in assumed debt.
Champion is a leading global provider of energy specialty products and services to oil and gas producers. It has 1,800 field sales-and-service employees; 300 research and technical service experts. The new business will be called Nalco Champion, an Ecolab company.
The new business will be called Nalco Champion, an Ecolab company and will employ 6,700 people in more than 160 countries. The acquisition expands Ecolab’s role in the oil and gas industry. Ecolab Inc is based in Sugar Land, Texas, and has more than 41,000 employees and operates in over 170 countries.