Ecolab, Inc. has divested its equipment care division to Audax Private Equity.
According to Ecolab CEO Douglas Baker Jr., the move is part of Ecolab’s overall strategy to concentrate on its core business divisions. Financial terms of the sale, which is slated to close by the end of the year, were not announced.
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With annual sales of US$6 billion and more than 26,000 associates, Ecolab, Inc. specializes in cleaning, sanitizing, food safety, and infection-prevention products and services in more than 160 countries. For more information, visit www.ecolab.com.