Ecolab to acquire Cleantec in cash deal

Ecolab announced it has agreed to purchase the Cleantec business of Campbell Brothers Ltd., Brisbane, Queensland, Australia.

The transaction is an asset purchase and is subject to clearance from the Australian anti-trust authorities and other customary closing conditions.

Cleantec is a developer, manufacturer and marketer of cleaning and hygiene products principally within the Australian food and beverage processing, food service, hospitality and textile care markets.

Sales of the business to be acquired are approximately $55 million.

Completion of the transaction is expected to occur upon receipt of regulatory clearance.

No other details were announced.