Ecolab Finalizes Spin Off of Chemical DivisionJune 4, 2020
Ecolab Inc. has successfully completed the separation of its Upstream Energy oil chemicals business.
The spin off was announced in February of last year and consists of two units, the oil field chemical production division and the WellChem drilling and well completion chemical business.
In addition, Ecolab announced the successful closing of the merger of ChampionX Holding Inc., the Ecolab subsidiary holding the ChampionX Business, with a subsidiary of Apergy Corp. The tax-free transaction was announced late last year.
With annual sales of US$14 billion and more than 48,000 associates, Ecolab, Inc. specializes in cleaning, sanitizing, food safety, and infection prevention products and services in more than 170 countries. For more information, visit www.ecolab.com.