Ecolab closes on purchase of Champion Technologies
ST. PAUL -- Ecolab announced today that it has closed on its acquisition of Champion Technologies and its related company, Corsicana Technologies. Sales of the acquired business in 2012 were approximately $1.3 billion.
The total transaction value, including assumed debt, was approximately $2.3 billion, and the new business will be called Nalco Champion, an Ecolab company. Nalco Champion is a division of Ecolab and is headquartered in Sugar Land, Texas. It employs 6,700 people in more than 160 countries.
The acquisition is a strategic move to combine the histories and talents of Nalco Energy Services and Champion Technologies into one business, to better meet the growing global demands of the oil industry.
The new business will develop and deliver products for North Sea and Arctic environments, deepwater operations in Gulf of Mexico, Brazil and West Africa and North American shale plays. It will serve markets including drilling, stimulation and cementing, heavy oil production and upgrading, oil and gas production, petrochemical processing, refining industry, water treatment for refining and petrochemical plants.
CEO of Nalco Champion, Steve Taylor. Mr. Taylor is currently executive VP and president, global energy, at Ecolab.
Champion Technologies has 3,200 employees in more than 30 countries. Champion’s Eastern Hemisphere headquarters is based in Aberdeen and in the EH region, the company employs almost 1,000 people. The company’s Asia Pacific headquarters is in Singapore, with further regional bases in China, India, Malaysia, Brunei, Indonesia and Thailand.
Ecolab, which has more than 41,000 employees, operates in more than 170 countries and has more than 6,300 active patents. Ecolab has offices in Afghanistan, Bangladesh, China, Guam, Korea, Nepal, Pakistan, Singapore, Thailand, Armenia, Bhutan, Hong Kong, Macau, Uzbekistan, Brunei Darussalam, India, Malaysia, Philippines, Sri Lanka, Azerbaijan, Cambodia, Georgia, Indonesia, Taiwan and Vietnam.
In 2011, Ecolab acquired water management firm Nalco in a $5.4-million deal.